BW LPG Exercises Options for Two VLGCs

BW LPG has exercised its options for the construction of two Very Large Gas Carriers (VLGCs) at Hyundai Heavy Industries, to be delivered in the first half of 2016.

This decision reflects BW LPG’s confidence in deploying newbuild assets efficiently to deliver accretive value, albeit the global order book for VLGCs has grown substantially.

Continued strong growth in US exports of propane and butane underscore the long-term positive outlook for the LPG transportation sector. BW LPG, with strong commercial and operating platforms resulting from its long history in LPG transportation, remains positioned to benefit from this export growth, and to continue to operate with market-leading utilization as a result of its portfolio of Timecharters and Contracts of Affreightment.

BW LPG, February 28, 2014

Share this article

Follow World Maritime News

In Depth>

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >