Top 5 LPG Shipping Companies in the World

3. BW LPG Limited (OTCMKTS:BWLLF)

Revenue as of 2021: $508 million

BW LPG Limited (OTCMKTS:BWLLF) is a Singaporean shipping company that transports LPG and performs trading services. The firm has a fleet of 41 very large gas carriers (VLGCs) and it operates these ships itself and also leases them out for time charter voyages.

BW LPG Limited (OTCMKTS:BWLLF) earned $508 million in spot revenue in 2021. This revenue represents the firm’s sales of shipping services through its own operations. During the same time period, it also brought in $179 million through time charter voyages. Through these, BW LPG Limited (OTCMKTS:BWLLF) leases out its ships to other entities for a fixed time period. Additionally, during its second fiscal quarter of 2022, BW LPG Limited (OTCMKTS:BWLLF) had a high capacity utilization rate of 98%, indicating that the firm is operating all of its assets.