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BW LPG Q2 Earnings: Strait of Hormuz Closure Fundamentally Alters Global LPG Trade Flows, Declares $0.95 Per Share Dividend
BW LPG Limited stated during its Q2 2026 earnings call that the closure of the Strait of Hormuz has fundamentally altered global liquefied petroleum gas (LPG) trade flows, leading to a 46% decrease in Middle Eastern exports and increased reliance on US Gulf Coast exports. Company management anticipates that even if the Strait of Hormuz reopens, a full recovery of Middle Eastern exports could take 12 to 36 months. Additionally, transit restrictions in the Panama Canal have become an "uncertain factor," with auction fees exceeding $5 million per slot, significantly increasing voyage costs. The company reported Q2 shipping TCE income of $74,000 per available day and declared a dividend of $0.95 per share, representing 100% of shipping net profit.
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