Financial Ports

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

CLAVE 1 / 4BW LPG India sells the 2007-built VLGC BW Birch for $64m, booking a $37m gain on a 100% basis.

CLAVE 2 / 4The disposal of two 2007-built vessels unlocks $128m in cash and $73m in gains, part of a broader fleet renewal.

CLAVE 3 / 4BW LPG orders eight 90,000 cu m panamax VLGCs for $940m, with deliveries scheduled from 2029 to Q2 2030.

CLAVE 4 / 4The company’s Q1 earnings averaged $55,500 per day, with 85% of Q2 days already covered at $81,000 per day.

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