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Stock impact report

BW LPG Signs MOA to Sell Two VLGCs to BW LPG India

BW LPG Limited Common Shares (BWLP) 
Company Research Source: Business Wire
SINGAPORE--(BUSINESS WIRE)--BW LPG Limited (“BW LPG”, OSE ticker code: “BWLPG.OL”, NYSE ticker code “BWLP”) has signed a Memorandum of Agreement (MOA) with BW LPG India to sell two vessels acquired in the recent Avance Gas transaction – BW Pampero and BW Chinook to BW LPG India (the ‘transaction’) at a price of approximately USD 75 million per vessel to ensure further expansion and fleet renewal in the Indian market. The delivery of the two vessels is expected in Q3 2025.BW LPG India currently owns and operates India’s largest fleet of Very Large Gas Carriers (VLGCs), comprising seven ships, after the recently announced sale of BW Cedar. The transaction will renew and grow the fleet and further enlarge BW LPG India’s footprint in India. Taking over two vessels built in 2015 will not only result in fleet expansion but also in fleet renewal which comes at an opportune time with continued growth in India’s LPG demand.BW LPG India’s fleet is Indian-flagged and Indian-operated to facil Show less Read more
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