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>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 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 1

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >