(Singapore, 16 March 2015)
BW LPG Limited ("BW LPG", the "Company", OSE ticker
code: "BWLPG") presents its estimates for
utilisation of its vessels across contract types in
Q1 2015.
BW LPG has seen strong deployment of vessels under
COA contracts in the first quarter of 2015,
including final liftings under existing CoAs as
well as first liftings under the renewed CoAs,
supporting strong utilization levels during the
period. CoA-fixed proportions are expected to
reduce during the course of the year.
Projected revenue days by contract type for Q1 2015
are now as follows:
Qtr % of Total
VLGC Days Total ship days 2,839
Not Yet Fixed 199 7.0%
Voyage 384 13.5%
COA-spot 183 6.4%
COA-fixed 1,149 40.5%
TC-fixed 819 28.8%
Unutilised* 66 2.3%
Technical offhire 40 1.4%
Qtr % of Total
LGC Days Total ship days 450
Not Yet Fixed - 0.0%
Voyage 77 17.2%
COA-spot - 0.0%
COA-fixed - 0.0%
TC-fixed 360 80.1%
Unutilised* - 0.0%
Technical offhire 12 2.8%
* Unutilised days are those days where a vessel is
technically available for hire but not earning
revenue, e.g. no available fixtures; delivery from
yard to first charter; redelivery of vessel on
completion of charter-in.
For further information, please contact:
Vijay Kamath
Chief Financial Officer
BW LPG Limited
Tel: +65 6705 5506
Email: vijay.kamath@bwlpg.com
ABOUT BW LPG
BW LPG is the world's largest very large gas
carrier (VLGC) owner and operator based on number
of VLGCs and by LPG carrying capacity. BW LPG owns
and operates 37 gas carriers with a total carrying
capacity of close to 3 million cbm and a further
504,000 cbm of capacity on order in Korea. With 35
years of operating experience in LPG shipping and
experienced seafarers and staff, BW LPG offers a
flexible and reliable service to customers. BW LPG
is associated with BW Group, one of the world's
leading shipping groups. BW Group is involved in
oil and gas transportation, floating gas
infrastructure, environmental technologies and deep-
water production.
This information is subject to disclosure
requirements pursuant to Section 5-12 of the
Norwegian Securities Trading Act.