Joe Mars's questions to BW LPG Ltd (BWLP) leadership • Q4 2024
Question
Via the chat, Joe Mars asked about the cost of new ships, the percentage of the fleet built in China, and the potential impact of U.S. charges on these vessels.
Answer
CEO Kristian Sørensen noted that 15% of the current global VLGC fleet is Chinese-built, with a larger share in the order book. He reiterated that if U.S. charges were imposed, the likely outcome would be those ships trading in other regions, effectively tightening vessel supply for the U.S. trade.