BW LPG to Sell Two VLGCs to Indian JV
PORTS & SHIPPING

BW LPG to Sell Two VLGCs to Indian JV

BW LPG Limited has signed a Memorandum of Agreement to sell two of its Very Large Gas Carriers (VLGCs) — the BW Pampero and BW Chinook — to BW LPG India, its joint venture with Global United Shipping. Each vessel will be sold for approximately $75 million, with delivery expected in the third quarter of 2025. These ships were recently acquired by BW LPG through a transaction with Avance Gas.

BW LPG India, which currently operates India’s largest VLGC fleet, will expand its fleet to eight ships with the acquisition of these two vessels. This deal also supports the fleet renewal strategy as both ships were built in 2015, aligning with the growing demand for LPG in India.

Kristian Sørensen, CEO of BW LPG, emphasized the importance of this acquisition, saying, “With BW Pampero and BW Chinook, we add modern quality tonnage and more capacity to our Indian-flagged fleet. We see tremendous potential in the country and are proud to contribute to the continued growth of the Indian LPG market.” He also expressed gratitude to their partners, Mass Capital and Global United Shipping, for their collaboration in this fleet renewal effort.

Founded in 2017, BW LPG India is jointly owned by BW LPG (52%) and Maas Capital (42%). The fleet is fully Indian-flagged and operated, contributing significantly to India’s energy needs. With this acquisition, BW LPG India will manage approximately 20% of the country’s LPG imports, in line with India’s Atmanirbhar Bharat initiative aimed at self-reliance.

BW LPG stated that this deal is part of its broader strategy to optimize its fleet in expanding markets while contributing to India's energy transition.

BW LPG Limited has signed a Memorandum of Agreement to sell two of its Very Large Gas Carriers (VLGCs) — the BW Pampero and BW Chinook — to BW LPG India, its joint venture with Global United Shipping. Each vessel will be sold for approximately $75 million, with delivery expected in the third quarter of 2025. These ships were recently acquired by BW LPG through a transaction with Avance Gas. BW LPG India, which currently operates India’s largest VLGC fleet, will expand its fleet to eight ships with the acquisition of these two vessels. This deal also supports the fleet renewal strategy as both ships were built in 2015, aligning with the growing demand for LPG in India. Kristian Sørensen, CEO of BW LPG, emphasized the importance of this acquisition, saying, “With BW Pampero and BW Chinook, we add modern quality tonnage and more capacity to our Indian-flagged fleet. We see tremendous potential in the country and are proud to contribute to the continued growth of the Indian LPG market.” He also expressed gratitude to their partners, Mass Capital and Global United Shipping, for their collaboration in this fleet renewal effort. Founded in 2017, BW LPG India is jointly owned by BW LPG (52%) and Maas Capital (42%). The fleet is fully Indian-flagged and operated, contributing significantly to India’s energy needs. With this acquisition, BW LPG India will manage approximately 20% of the country’s LPG imports, in line with India’s Atmanirbhar Bharat initiative aimed at self-reliance. BW LPG stated that this deal is part of its broader strategy to optimize its fleet in expanding markets while contributing to India's energy transition.

Next Story
Real Estate

Concorde Acquires 3 Acre in Hennur for Premium High-Rise Project

In a strategic expansion move, Concorde has acquired a 3-acre land parcel in Hennur, North Bengaluru, for a premium high-rise residential development. The upcoming project will feature a saleable built-up area of approximately 4.25 lakh sq. ft., with an estimated Gross Development Value (GDV) of Rs 5 billion. Scheduled for launch in FY 2026–27, the development will offer 2 and 3 BHK premium residences designed to appeal to discerning urban homebuyers seeking elevated, community-centric living in one of the city's fastest-growing corridors. “This investment underlines our commitme..

Next Story
Real Estate

JP Infra Launches Monsoon Fest 2025 for Homebuyers

JP Infra, one of Mumbai’s most trusted real estate developers, has announced the launch of ‘Monsoon Fest 2025’, a limited-period campaign offering exclusive privileges across its residential projects in Mira Road, Thane, and other key locations. Running from 16th June to 31st July 2025, the Monsoon Fest presents a curated package of benefits for homebuyers. Every booking comes with an assured premium White Goods voucher from leading brands. Buyers can also choose one of three value-added offers: 50 per cent waiver on stamp duty Modular kitchen Fully furnished home&nbs..

Next Story
Infrastructure Urban

LANXESS Resin Removes Short-Chain PFAS From Water

Speciality chemicals company LANXESS has launched Lewatit MDS TP 108, a new ion exchange resin designed for the efficient removal of short-chain per- and polyfluoroalkyl substances (PFAS) from water. These PFAS compounds—characterised by having three or fewer carbon atoms—are among the smallest and most challenging to eliminate through conventional water purification methods.Lewatit MDS TP 108 marks a significant advancement in the treatment of contaminated water, particularly where traditional technologies such as activated carbon adsorption fall short. The new resin offers a service life..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?