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BW LPG Limited Announces Sale of BW Loyalty

  • BW LPG's 52%-owned subsidiary, BW LPG India, has agreed to sell the 2008-built BW Loyalty for continued trading.
  • The sale is projected to generate an approximate US$52 million gain on disposal on a 100% basis.
  • Net cash proceeds are expected to total approximately US$66 million after taxes & transaction costs.
  • Vessel delivery to the buyer will occur upon completion of the current time charter, no later than December 2026.
  • CEO Kristian Sørensen stated the sale price of low US$80 million reflects strong second-hand market conditions & value realization from an 18-year-old asset.
  • BW LPG operates as the world's leading LPG vessel owner & operator with a fleet of about 50 VLGCs & LGCs.
  • BW LPG is associated with BW Group, which controls over 400 vessels & operates in multiple energy & infrastructure sectors.