Avance Gas Holding Ltd: Successfully completed the first VLGC delivery to BW LPG [Yahoo! Finance]
BW LPG Limited Common Shares (BWLP)
Company Research
Source: Yahoo! Finance
15, 2024, to sell its VLGC fleet to BW LPG Ltd for $1,050 million. The sale of the Very Large Gas Carrier (“VLGC”) fleet was agreed to be settled with approximately $585 million of cash, novation of approximately $132 million of debt obligations under a sale leaseback agreement with the remainder being settled in 19.282 million shares in BW LPG where the parties agreed a fair value of such compensation at $333 million or a Net Asset Value basis of $17.25 per share. The overall book gain from the transaction was estimated to be $315 million of which $10 million was assumed to be depreciation savings as all vessel depreciation was discontinued on August 15, 2024, when the sale of the ships was announced. The discontinuation of the depreciation from August 15, will thus have a positive effect on earnings in third and fourth quarter. The Company announce today the successful sale and delivery of the first VLGC, the 2015-built non-scrubber ship Chinook, to BW LPG Ltd. As part of the tran
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BWLP
News
- BW LPG Limited - BW LPG Takes Delivery of Vessel BW Sirocco from Avance GasBusiness Wire
- Avance Gas Holding Ltd: Successfully completed the second VLGC delivery to BW LPG [Yahoo! Finance]Yahoo! Finance
- BW LPG Limited - BW LPG Takes Delivery of Vessel BW Capella from Avance GasBusiness Wire
- BW LPG Limited – Strategic Fleet Renewal With Sale and Purchase of Very Large Gas Carriers [Yahoo! Finance]Yahoo! Finance
- BW LPG Limited – Strategic Fleet Renewal With Sale and Purchase of Very Large Gas CarriersBusiness Wire
BWLP
Sec Filings
- 11/22/24 - Form 6-K
- 11/21/24 - Form 6-K
- 11/20/24 - Form 6-K
- BWLP's page on the SEC website