BW LPG unlocks $128m selling ageing VLGCs as newbuild spree nears $1bn

The Oslo-listed owner sells two 2007-built gas carriers for $64m each, booking $73m in gains.

FP 29 Aug 2026 ·11:19 · 2 hours ago

3 min read SINGAPORE

The 82,300 cu m BW Birch, sold for $64m, is part of BW LPG’s fleet renewal strategy.

THE ESSENTIALS

BW LPG India sells the 2007-built VLGC BW Birch for $64m, booking a $37m gain on a 100% basis.
The disposal of two 2007-built vessels unlocks $128m in cash and $73m in gains, part of a broader fleet renewal.
BW LPG orders eight 90,000 cu m panamax VLGCs for $940m, with deliveries scheduled from 2029 to Q2 2030.
The company’s Q1 earnings averaged $55,500 per day, with 85% of Q2 days already covered at $81,000 per day.

La filial india del grupo naviero BW LPG, con presencia bursátil en las plazas de Nueva York y Oslo, ha concretado la enajenación de su buque BW Birch, un gasero de 82.300 metros cúbicos construido en 2007. La operación, que se formalizará como muy tarde a mediados de noviembre, reportará a la compañía unos ingresos netos cercanos a 64 millones de dólares y un beneficio contable aproximado de 37 millones, calculados sobre la base de una propiedad total del activo. Este movimiento se suma a la venta previa del BW…

Keep reading with your free Financial Ports account

This story is part of FP Plus, the exclusive supplement of Financial Ports. Creating an account is free — and it unlocks CAMAL AI too.

Create free account I already have an account

No cost, no card required. You can delete your account whenever you like.

Maritime artificial intelligence Go deeper with:

Keep reading with your free Financial Ports account

Related stories

African Ports

Conflicts & Crime at Sea

Subscriber Specials

Global Economy