Kurs & Likviditet
Beskrivning
Land | Singapore |
---|---|
Lista | OBX |
Sektor | Tjänster |
Industri | Shipping & Offshore |
2021-12-08 08:07:57
(Singapore, 8 December 2021)
BW LPG Limited ("BW LPG", the "Company", OSE Ticker Code "BWLPG.OL") today
announces that its subsidiary BW LPG India has purchased four Very Large Gas
Carriers (VLGCs) from the parent company BW LPG Limited. This brings the total
fleet of BW LPG India to eight VLGCs. The last vessel is expected to be
delivered in Q2 2022. Headquartered in Chennai, BW LPG India is the largest
owner and operator of India-flagged VLGCs.
The Company is also in advanced discussions with an investor for the acquisition
of a minority stake in BW LPG India for a cash consideration of approximately
USD 50 million based on second-hand broker valuations of the fleet. Following
this transaction, the Company will continue to be the majority shareholder of BW
LPG India.
No assurance can be given on whether the discussions will result in a
transaction. BW LPG will provide an update on the potential transaction as and
when appropriate.
For further information, please contact:
Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com
Iver Baatvik
Head of Corporate Development and Investor Relations
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com
About BW LPG
BW LPG is the world's leading owner and operator of LPG vessels, owning and
operating Very Large Gas Carriers (VLGC) with a total carrying capacity of over
3 million CBM. With five decades of operating experience in LPG shipping and
experienced seafarers and staff, BW LPG offers a flexible and reliable service
to customers. More information about BW LPG can be found at www.bwlpg.com.
BW LPG is associated with BW Group, a leading global maritime company involved
in shipping, floating infrastructure, deepwater oil & gas production, and new
sustainable technologies. BW Group controls a fleet of over 420 ships
transporting crude oil, oil products, and dry commodities, and comprises one of
the largest gas fleets in the world with over 190 LNG and LPG vessels.
This information is considered to include inside information pursuant to the EU
Market Abuse Regulation article 7 and is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock
exchange announcement was published by Elaine Ong, Chief Financial Officer at BW
LPG, at the date and time as set out above.