BW LPG to Sell Two VLGCs to Indian JV

01 Apr 2025 CW Team

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.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..