Singapore-based BW Epic Kosan has maintained its concentrate on bigger and youthful tonnage with the addition of two extra ships to its owned checklist.
The Oslo-listed midsize LPG specialist of the BW Group revealed in its quarterly earnings report that it had acquired a pair of seven,500 cu m pressurised vessels at “nicely beneath present market costs”. Each unnamed ships had been on a bareboat constitution with a purchase order obligation hooked up.
The corporate additionally offered three 2007-built 3,600 cu m carriers with internet money proceeds of $13.7m and offloaded one other unit set to ship within the second quarter of this yr, closing the previous quarter with 64 ships in its fleet.
BW Epic Kosan offered or redelivered seven ships in the course of the first quarter, taking the variety of ship disposals to 14 since Q1 final yr, whereas six bigger items have joined the corporate’s fleet, lifting the capability by 9% yr over yr.
:format(webp)/https://www.thestar.com/content/dam/thestar/business/2023/05/29/is-toronto-hurtling-toward-a-city-cession-new-data-paints-a-gloomy-picture-as-consumer-spending-slows/toronto.jpg?resize=75%2C75&ssl=1 "Is Toronto hurtling toward a ‘city-cession’?")
