BW Group Reports Strong First Quarter Earnings Amid High Freight Rates and Newbuilding Contract
BW Group (BWLP) reported strong first-quarter earnings in Q1 2026, with a TCE income of $55,500 per available day and a profit after minority interest of $164 million. The company announced a new contract for Panamax vessels with Hyundai Heavy Industries (HHI), expected to be delivered between early 2029 and mid-2030.
Topics: freight rates geopolitical impact newbuilds Q1 earnings shipping