BW LPG Disposes Of Another VLGC

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Oslo-listed BW LPG has offered its 2006-built very massive fuel provider (VLGC) BW Dealer, which the corporate expects will generate around $20m in liquidity and an internet ebook acquire of roughly $2m, says an article published in Newsxpres.

Sale and supply of vessel

The sale and supply of the 78,631 cu m vessel to its new proprietor for additional buying and selling is anticipated to be accomplished by March 2022.

Anders Onarheim, CEO of BW LPG, commented: “This sale is consistent with our technique of looking to optimise our belongings via the cycles and offers additional energy to our stability sheet and liquidity place.”

In December’s final 12 months, BW LPG divested six ships. Following the newest sale, BW LPG now owns and operates a fleet of 39 VLGCs.

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Source: Newsxpres