BW LPG Limited – Strategic Fleet Renewal With Sale and Purchase of Very Large Gas Carriers [Yahoo! Finance]
BW LPG Limited Common Shares (BWLP)
Company Research
Source: Yahoo! Finance
announces the sale of 2007-built BW Cedar for further trading, and the exercise of a purchase option for 2019-built BW Kizoku. BW LPG is pleased to announce that its 52% owned subsidiary BW LPG India has decided to sell its 2007-built vessel BW Cedar as part of a planned fleet renewal. On a 100% basis, the sale is priced at approximately US$65 million and is expected to generate a net book gain of around US$33 million and about US$51 million in net cash after repayment of its existing bank loan. The vessel will be delivered to the new owners in Q1 2025. In addition, BW LPG has declared a purchase option for BW Kizoku, a 2019 Japan-built VLGC. BW Kizoku is currently on time charter with BW LPG with a purchase option, which BW LPG exercised for a consideration of US$69.8 million. The vessel is expected to be delivered in January 2025 and will continue to trade in the conventional BW LPG fleet. Kristian Sørensen, CEO of BW LPG, says, "Through these transactions, we are renewing our
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BWLP
News
- BW LPG Limited - Mandatory Notification of TradeBusiness Wire
- BW LPG Limited - BW LPG Takes Delivery of Vessel BW Monsoon From Avance GasBusiness Wire
- Avance Gas Holding Ltd: Completed the eleventh VLGC delivery to BW LPG successfully [Yahoo! Finance]Yahoo! Finance
- BW LPG Limited - BW LPG Takes Delivery of Vessel BW Breeze From Avance GasBusiness Wire
- BW LPG Limited - BW LPG Takes Delivery of Vessel BW Breeze From Avance GasBusiness Wire
BWLP
Sec Filings
- 12/20/24 - Form 6-K
- 12/18/24 - Form 6-K
- 12/16/24 - Form 6-K
- BWLP's page on the SEC website