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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code