BW Gas Ltd., the world’s biggest shipper of liquefied petroleum gas, idled four tankers because rates plunged so low that each vessel was losing the company about $25,000 a day. The Berge Racine will idle until the end of the year, when it will be given to new owners, Andreas Sohmen-Pao, chief executive officer of parent company BW Group, said by phone, confirming a note sent to clients.
Green Marine
about 16 years ago
Biggest LPG shipping line idles 4 vessels
BW Gas Ltd., the world’s biggest shipper of liquefied petroleum gas, idled four tankers because rates plunged so low that each vessel was losing the company about $25,000 a day. The Berge Racine will idle until the end of the year, when it will be given to new owners, Andreas Sohmen-Pao, chief execu
Reach the Offshore Energy industry in one go!
Offshore Energy is read by thousands of professionals every day.
Increase your visibility with banners, tell your story with a branded article, and showcase your expertise with a full-page company profile in our business directory.
Follow Offshore Energy on: