BW LPG

In an exceptional market for VLGC shipping, BW LPG is fundamentally a solid company with great dividend capacity. Shipyard capacity and asset prices prevent excess tonnage from being added to the market. Short term, the market fundamentals are excellent due to the Panama Canal traffic jam; long term, ton-mile demand is likely to remain high. » Mehr auf seekingalpha.com

BW LPG has delivered another robust quarter, declaring a $0.81 dividend in Q2. Its net leverage and cash position remains very strong, also compared to peers. The Product Services division delivered a positive "trading profit", but a net loss of $31 million, likely causing some confusion among investors. » Mehr auf seekingalpha.com

BW LPG, the largest owner and operator of VLGCs globally, has a strong balance sheet, fuel-efficient fleet, and excellent management, making it an attractive investment for income-oriented oil and gas investors. Despite a gloomy outlook at the start of the year, robust freight rates and increasing demand in China and India have supported BW LPG's ability to pay dividends consistently. Although a significant expansion of the global VLGC is expected in 2023, this is offset by a backlog of special surveys and fully booked shipyards, suggesting rates will likely remain high. » Mehr auf seekingalpha.com