BW LPG Boosts Earnings Visibility With New Three-Year VLGC Charters

The latest announcement is out from BW LPG Ltd ( (GB:0QIX) ).

BW LPG has secured three-year time charter-out contracts for two of its Very Large Gas Carriers, BW Tucana and BW Yushi, which commenced in January 2026. These deals lift the company’s fixed-rate time charter coverage to about 35% of fleet capacity at an average rate of around USD 43,500 per day for 2026, though overall coverage and rates may still change as charter renewal negotiations continue.

Management said the new contracts align with BW LPG’s strategy to raise coverage to roughly 40% through period charters and financial freight agreements, while preserving meaningful exposure to the spot market. The increased locked-in earnings are expected to enhance visibility and downside protection for the company, as it positions itself to benefit from a growing VLGC market and strengthen its commercial platform for stakeholders.

The most recent analyst rating on (GB:0QIX) stock is a Buy with a NOK150.00 price target. To see the full list of analyst forecasts on BW LPG Ltd stock, see the GB:0QIX Stock Forecast page.

More about BW LPG Ltd

BW LPG is the world’s leading owner and operator of liquefied petroleum gas (LPG) carriers, operating a fleet of more than 50 Very Large Gas Carriers, including 22 vessels with LPG dual-fuel propulsion. Leveraging over five decades of LPG shipping experience and an in-house trading division, the company provides LPG transport and related services globally, and is associated with BW Group, a major maritime and energy infrastructure player.

YTD Price Performance: 20.15%

Average Trading Volume: 473,616

Current Market Cap: NOK23.95B

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