LPG shipping fundamentals Increasingly Driven By Global Energy, Petrochemical Flows Vs. Short-Term Freight Volatility

Benzinga_recent_news12-19

In this episode of Capital Link's Shipping Sector Webinar Series, we had Kristian Sorensen, CEO of BW LPG Ltd. (NYSE:BWLP) (OSLO: BWLPG), Theodore (Ted) Young, CFO & Treasurer of Dorian LPG Ltd. (NYSE...

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(NYSE...</p>\n\n<a href=\"https://www.benzinga.com/Opinion/25/12/49490297/lpg-shipping-fundamentals-increasingly-driven-by-global-energy-petrochemical-flows-vs-short-term-freight-volatility\">Source Link</a>\n\n</div>\n","source":"benzinga_recent_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>LPG shipping fundamentals Increasingly Driven By Global Energy, Petrochemical Flows Vs. 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Short-Term Freight Volatility\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-19 03:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/Opinion/25/12/49490297/lpg-shipping-fundamentals-increasingly-driven-by-global-energy-petrochemical-flows-vs-short-term-freight-volatility><strong>Benzinga_recent_news</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In this episode of Capital Link's Shipping Sector Webinar Series, we had Kristian Sorensen, CEO of BW LPG Ltd. (NYSE:BWLP) (OSLO: BWLPG), Theodore (Ted) Young, CFO & Treasurer of Dorian LPG Ltd. (NYSE...</p>\n\n<a href=\"https://www.benzinga.com/Opinion/25/12/49490297/lpg-shipping-fundamentals-increasingly-driven-by-global-energy-petrochemical-flows-vs-short-term-freight-volatility\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://www.benzinga.com/Opinion/25/12/49490297/lpg-shipping-fundamentals-increasingly-driven-by-global-energy-petrochemical-flows-vs-short-term-freight-volatility","article_id":"2592898331","we_media_id":null,"thumbnails":["https://static.tigerbbs.com//next-assets/images/benzinga-post-card-placeholder.svg?optimize=medium&dpr=2&auto=webp&width=240?op=imageView2&mode=2&width=256&height=256&quality=70&format=png"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/Opinion/25/12/49490297/lpg-shipping-fundamentals-increasingly-driven-by-global-energy-petrochemical-flows-vs-short-term-freight-volatility","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2592898331","pubTimestamp":1766085600,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"In this episode of Capital Link's Shipping Sector Webinar Series, we had Kristian Sorensen, CEO of BW LPG Ltd.  , Theodore  Young, CFO & Treasurer of Dorian LPG Ltd. , and Mads Peter Zacho, CEO of Navigator Gas . The webinar, moderated by Chris Robertson, Vice President, LNG Infrastructure and Maritime Shipping at Deutsche Bank Securities Inc., focused on the LPG carrier market.Sorensen said that BW LPG is \"tilting our fleet composition more and more toward LPG dual fuels.\" To that, Zacho agreed: \"We are building dual-fuel vessels. We haven’t considered scrubbers for a long time. It’s probably better if the refinery is there removing the sulfur rather than if we do it on each ship.\" In turn, Young added that the existing scrubber investments had vastly exceeded internal calculations but saw the future in alternative fuels, rendering scrubbers a fading solution.Disclosure: Capital Link is the investor relations advisor to Navigator Gas  and works with Dorian LPG . 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The webinar, moderated by Chris Robertson, Vice President, LNG Infrastructure and Maritime Shipping at Deutsche Bank Securities Inc., focused on the LPG carrier market.\nTo watch the full discussion, please visit the following link:\nhttps://www.youtube.com/watch?v=jfAFFsX4EFE\nSorensen and Young both highlighted dividends as their primary vehicle for returning value, with Young turning the spotlight toward Dorian's corporate finance experience, which revealed a stronger market response to dividends versus buybacks. \"We’ve managed to strike a pretty good balance between debt reduction, fleet investment, and shareholder returns. We really saw no measurable impact on our total shareholder return when we did meaningful buybacks, yet we saw a massive increase when we actually started paying dividends.\"\nZacho highlighted Navigator Gas' recently improved return of capital policy, in which the quarterly cash dividend was increased to $0.07/share (from $0.05/share) and the net income payout percentage was increased to 30% (from 25%). Zacho also noted that the company has repurchased an additional $50 million of shares for three consecutive years, stating that this trend of additional ad hoc share repurchases will likely continue in 2026.\nFor VLGCs, Young acknowledged a 25% orderbook to fleet ratio but emphasized that strong demand growth and an aging global fleet provide balance. For Navigator Gas' segment, Zacho saw a benign orderbook of about 10%, with potential for negative fleet growth due to scrapping as more than 20% of the vessels exceed 20 years of age. Additionally, the impending ban on scrubber discharges is accelerating a shift that is already happening.\nSorensen said that BW LPG is \"tilting our fleet composition more and more toward LPG dual fuels.\" To that, Zacho agreed: \"We are building dual-fuel vessels. We haven’t considered scrubbers for a long time. It’s probably better if the refinery is there removing the sulfur rather than if we do it on each ship.\" In turn, Young added that the existing scrubber investments had vastly exceeded internal calculations but saw the future in alternative fuels, rendering scrubbers a fading solution.\nDisclosure: Capital Link is the investor relations advisor to Navigator Gas (NVGS) and works with Dorian LPG (LPG). This content is for informational purposes only and not intended to be investing advice. The article includes statements made by company management during the sector webinar.\nBenzinga Disclaimer: This article is from an unpaid external contributor. 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