Yohanna Pinheiro's questions to BW LPG Ltd (BWLP) leadership • Q2 2024
Question
Yohanna Pinheiro from Argus Media asked for BW LPG's perspective on the Panama Canal's new long-term slot reservation system and whether the company intended to participate. She followed up by asking about the potential market impact of fewer slots being available for auction.
Answer
Executive Kristian Sørensen explained that after analysis, BW LPG does not plan to bid for long-term slots, as the system seems better designed for liner services like container ships. He noted that for their tramp trading model, where cargo destinations can change, it is more effective to utilize the spot auction market for canal transits, despite acknowledging the canal's unpredictability.