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Mon, Jun

BW LPG lines up $380m of new financing as profit crashes

BW LPG lines up $380m of new financing as profit crashes

US and Oslo-listed BW LPG is closing in on new financing following a less profitable first quarter.

The owner, controlled by Andreas Sohmen-Pao’s BW Group, said it is “currently in

US and Oslo-listed BW LPG is closing in on new financing following a less profitable first quarter.

The owner, controlled by Andreas Sohmen-Pao’s BW Group, said it is “currently in the final stages” of securing $380m in bank financing on “very competitive terms”, without giving further details.

Net earnings plunged to $66.6m,

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