BW LPG Limited announces sale of BW Levant
BWLPG: BW LPG Limited announces sale of BW Levant
2026-07-20 10:00:04
Singapore, 20 July 2026
BW LPG Limited ("BW LPG" or the "Company", OSE ticker code: "BWLPG.OL", NYSE
ticker code: "BWLP") is pleased to announce the sale of the 2015-built BW
Levant, acquired in the 2024 Avance Gas transaction.
The sale of BW Levant is expected to generate a net book gain of approximately
US$17 million and net cash proceeds of around US$38 million. The vessel is
scheduled for delivery to the buyer at the latest by mid-November, enabling BW
LPG to continue generating revenue from the asset in a strong freight market.
Kristian Sørensen, CEO of BW LPG, says "This sale demonstrates our disciplined
approach to capital allocation, realising a strong return just two years after
purchasing the vessel through the Avance Gas transaction. As we continue
renewing our fleet, we remain focused on active and opportunistic asset
management to generate shareholder value".
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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