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BW LPG positive on medium-term VLGC market

Singapore-based company remains optimistic for the medium-term liquefied petroleum gas market supported by fleet inefficiencies

Due to current market weakness the company plans to bring forward six scheduled dry dockings and two special surveys. Around 11 VLGC remain to be retrofitted with dual-fuel LPG propulsion engines, out of which eight ships are scheduled in 2021 with the first likely to enter yards in mid-March

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