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BW LPG Posts Positive Trading Profits Amid Middle East Tensions

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BW LPG's (BWLP) product services segment posted a profit from trading activities in Q2 despite geopolitical tensions in the Middle East and volatility in liquefied petroleum gas prices, the company said on Thursday.

BW LPG, an owner and operator of LPG vessels, said the segment achieved a realized trading gain of $127 million during the quarter, bringing H1 result to $117 million, despite negative adjustments from the narrowing of US-Asia LPG arbitrage.

The net positive result was also attributed to active risk management, the company said.

The trading performance forms part of the BW LPG results, set to be released on Aug. 28.

Price: $20.58, Change: $-0.02, Percent Change: -0.10%

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