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BWLPG: BW LPG Limited announces sale of BW Loyalty
2026-10-20 09:30:06
Singapore, 20 October 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 2008-built BW Loyalty for
continued trading.
On a 100% basis, the sale of BW Loyalty is expected to generate a gain on
disposal of approximately US$52 million. Net cash proceeds are expected to be
approximately US$66 million, after taxes and transaction costs. The vessel is
scheduled for delivery to the buyer upon completion of her current time
charter, and no later than December 2026.
Kristian Sørensen, CEO of BW LPG, says: "Selling the BW Loyalty at a price in
the low US$80 million demonstrates the strength of the second-hand market and
our ability to realise value from our fleet. The transaction crystallises
significant value from a 18-year-old asset while further strengthening BW LPG
India's financial position."
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) and Large Gas Carriers (LGCs),
including 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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