- BW LPG is the owner of the largest fleet of VLGC vessels in the world, and the company's management of its fleet has been strong.
- The world fleet will be expanded by over 15% in 2022 and 2023, and this could result in pressure on the charter rates.
- BW LPG appears to be anticipating this by selling some of its older vessels to boost its liquidity.
- I have been taking profits and will likely exit the remainder of my position later this year as I first want to see the impact of the fleet expansion on charter rates.
For further details see:
BW LPG: A 10% Dividend Yield In 2021, But For How Much Longer?