BW LPG Limited (BWLP) Q4 2024 Earnings Call

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WEBVTT 00:00:00.284 -- 00:00:04.350 Afterwards, we will open up for a Q&A session. 00:00:04.350 -- 00:00:09.437 The questions can be put into the Q&A chat or you can raise your hand, 00:00:09.437 -- 00:00:13.800 unmute yourself and ask your question directly. 00:00:14.283 -- 00:00:19.490 Before we begin, I would like to highlight the legal disclaimers displayed 00:00:19.490 -- 00:00:25.759 on the current slide. Please also note that today's call is being recorded. 00:00:25.759 -- 00:00:30.042 I will now give the word to our CEO, Christian. 00:00:31.199 -- 00:00:35.425 Thank you, Aline, and hi, everyone, and thank you for taking the time to be with us today 00:00:35.425 -- 00:00:41.294 as we review our 2024 Q4 financial results and recent developments. 00:00:41.294 -- 00:00:45.137 Let's turn to slide four, please. 00:00:47.845 -- 00:00:52.972 For a large part of the quarter, the spot market rates fluctuated in the $35,000 to $40,000 00:00:52.972 -- 00:00:58.979 range per day, and our TC income per available day ended at $37,900. 00:01:00.022 -- 00:01:06.447 This is somewhat lower than previous quarter, but above our guiding of $36,000 per day. 00:01:06.469 -- 00:01:12.015 The board has declared a dividend of 42 cents per share, which consists of 75% payout 00:01:12.015 -- 00:01:15.098 of the end path from our shipping activities, 00:01:15.098 -- 00:01:18.422 topped up with an additional dividend declared from product services for 2024. 00:01:18.422 -- 00:01:20.422 Total 00:01:20.945 -- 00:01:27.490 dividend for the year represents 123% payout ratio of our total shipping end path. 00:01:28.017 -- 00:01:30.741 We're very happy with our product services result last year. 00:01:30.741 -- 00:01:36.606 The investment we made back in November 22 is already returned with a ti...