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.

Real Estate

04 Aug 2026

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..

Advait Energy and MEIL Partner for Energy Transition Projects

Advait Energy Transitions Limited (AETL) and Manipal Energy Infratech Limited (MEIL), a company of The Manipal Group, have entered into a strategic Memorandum of Understanding (MoU) to collaborate on power and energy transition opportunities across India and international markets.The partnership aims to combine AETL’s expertise in innovative energy technologies and manufacturing with MEIL’s EPC execution capabilities and project management experience. The collaboration will focus on opportunities across Power Transmission & Distribution, Renewable Energy, Battery Energy Storage Systems..