Straitjacket on Shipping: How A Closed Strait Turned Into A Cash Machine For BW LPG (BWLP) The second quarter results from BW LPG (NYSE:BWLP) have raised eyebrows, and for good reason.
On the surface, it appears as though the company has defied expectations by posting a profit of $120 million despite shipping income falling short of guidance.
However, this success is not due to market savvy, but rather a product of the chaos in the global LPG shipping industry.