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BW LPG Signs MOA to Sell Two VLGCs to BW LPG India

1. BW LPG signed an MOA to sell two vessels for $75 million each. 2. The sale aims at expanding and renewing their fleet in the Indian market.

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FAQ

Why Bullish?

The sale generates substantial revenue, enhancing BWLP’s liquidity and growth potential. Past sales strategies have positively influenced companies' stock prices.

How important is it?

The transaction indicates a commitment to growth and modernization, which is likely to attract investors.

Why Long Term?

The implications of fleet renewal in emerging markets like India can take time to reflect in stock price, similar to historical cases of market expansion.

Related Companies

BWLPG.OLAVance GasNAT
SINGAPORE--(BUSINESS WIRE)--BW LPG Limited (“BW LPG”, OSE ticker code: “BWLPG.OL”, NYSE ticker code “BWLP”) has signed a Memorandum of Agreement (MOA) with BW LPG India to sell two vessels acquired in the recent Avance Gas transaction – BW Pampero and BW Chinook to BW LPG India (the ‘transaction') at a price of approximately USD 75 million per vessel to ensure further expansion and fleet renewal in the Indian market. The delivery of the two vessels is expected in Q3 2025. BW LPG India currently.

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