BW LPG Limited has agreed to sell two of its Very Large Gas Carriers (VLGCs) – the BW Pampero and BW Chinook – to BW LPG India, a joint venture with Global United Shipping. The deal, which is expected to be delivered in the third quarter, will expand BW LPG India’s fleet to eight ships and support the fleet renewal strategy.
BW LPG India, which is jointly owned by BW LPG and Maas Capital, will manage approximately 20% of India’s LPG imports. Bw Lpg Sale The deal, valued at The deal, valued at approximately [amount], marks a approximately [amount], marks a significant expansion in India’s liquefied petroleum gas (LPG) shipping capacity
BW LPG to Sell Two VLGCs to Indian JV
Singapore, April 1, 2025 – BW LPG, the world’s leading owner and operator of Very Large Gas Carriers (VLGCs), has announced the sale of two of its VLGCs to an Indian joint venture. The deal, valued at approximately [amount], marks a significant The deal, valued at approximately [amount], marks a significant expansion in India’s liquefied petroleum gas (LPG) shipping capacity.
Details of the Sale
BW LPG, a subsidiary of the BW Group, has agreed to sell the two modern VLGCs as part of its fleet optimization strategy. The vessels, built in [year], feature advanced fuel-efficient technology and are capable of transporting large volumes of LPG across global trade routes.
The buyer is a newly formed Indian joint venture (JV) between [Indian Company Name] and [International Partner, if any], aiming to strengthen India’s energy infrastructure and enhance its LPG import and distribution network The deal, valued at approximately [amount], marks a significant expansion in India’s liquefied petroleum gas (LPG) shipping capacity.
“We are pleased to conclude this transaction with a respected Indian partner. This sale aligns with our strategic focus on optimizing our fleet while supporting the The deal, valued at approximately [amount], marks a significant expansion in India’s liquefied petroleum gas (LPG) shipping capacity growing LPG market in South Asia,” said [BW LPG Executive Name], CEO of BW LPG.
Significance for India’s Energy Sector
India has been rapidly expanding its LPG consumption due to government initiatives promoting cleaner cooking fuel and industrial usage. The acquisition of these VLGCs is expected to enhance India’s LPG import capacity, reducing dependency on foreign shipping services and strengthening energy security.
According to [Industry Expert/Ministry], “The addition of these VLGCs will help Indian energy companies secure stable and cost-effective LPG supplies. This move logistics expansion and further integrate the country into the global LPG supply chain. supports the country’s broader strategy of increasing domestic LPG storage and distribution efficiency.”
VLGC Features and Market Impact
The two vessels being sold are among the most fuel-efficient and Each vessel has a carrying capacity of approximately 84,000 cubic meters of LPG. technologically advanced VLGCs in operation. Key features include Equipped with dual-fuel propulsion systems, the VLGCs can run on both traditional marine fuels and LPG, reducing emissions and operating costs.
- Advanced Safety Systems: The vessels comply with the latest environmental and safety regulations, making them well-suited for long-haul international shipping.
The transaction reflects increasing confidence in India’s more Indian companies are investing in fleet expansion to ensure uninterrupted supply chains.
Future Prospects and Industry Outlook
The Indian JV’s acquisition of these VLGCs is part of a broader trend of India bolstering its shipping and logistics infrastructure to support rising energy needs. With global LPG trade expected to grow in the coming years, Indian firms are seeking to play a more prominent role in international energy transportation.
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