BW LPG Limited announces sale of BW Elm
BWLPG: BW LPG Limited announces sale of BW Elm
2026-07-10 07:20:04
Singapore, 10 July 2026
BW LPG Limited ("BW LPG" or the "Company", OSE ticker code: "BWLPG.OL", NYSE
ticker code: "BWLP") is pleased to announce that its 52%-owned subsidiary, BW
LPG India, has entered into an agreement to sell the 2007-built BW Elm for
continued trading.
On a 100% basis, the sale of BW Elm is expected to generate a net book gain of
approximately US$36 million and net cash proceeds of around US$64 million. The
vessel is scheduled for delivery to the buyer by mid-August.
Kristian Sørensen, CEO of BW LPG, says "By selling the BW Elm we continue
capitalising on strong second-hand values for older vessels, selling a
2007-built asset at a level equivalent to a newbuilding price of about US$248
million. This reflects the strength and agility of our commercial platform and
its ability to create value through opportunistic asset play as we are
divesting older ships while investing in new tonnage".
For further information, please contact:
Kristian Sørensen, CEO
Samantha Xu, CFO
investor.relations@bwlpg.com
About BW LPG
BW LPG is the world's leading owner and operator of LPG vessels, with a fleet
of about 50 Very Large Gas Carriers (VLGCs), including over 20 vessels powered
by LPG dual-fuel propulsion technology. Building on over five decades of LPG
shipping experience, the company is strengthened by an in-house LPG trading
division and the commercial expertise to explore investments in value chain
assets. Together, these capabilities enable BW LPG to provide trusted and
reliable services for sourcing and delivering LPG to customers worldwide.
Delivering energy for a better world -- more information about BW LPG can be
found at www.bwlpg.com.
BW LPG is associated with BW Group, a leading global energy and maritime
company involved in shipping, deepwater oil & gas production, renewable energy
and digital infrastructure. BW controls a fleet of over 400 vessels
transporting oil, gas and dry commodities. In the infrastructure space, the
group operates in wind, batteries, water, subsea cable networks and data
centres. www.bw-group.com
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