Peter T.'s questions to BW LPG (BWLP) leadership • Q1 2025
Question
Peter T. noted that shipowners seem to be capturing a more appropriate share of the arbitrage compared to last year when terminals were dominant, and asked if this trend is expected to continue.
Answer
CEO Kristian Sørensen agreed, describing the value chain as a constant 'arm wrestling' match. He expressed optimism for shipowners' continued bargaining power, citing very little growth in the VLGC fleet combined with ongoing U.S. export expansion plans, which creates a favorable supply-demand balance for shipping.