BW LPG Withdraws from Indian LPG Terminal Project to Focus on Core Operations

BW LPG Ltd ( (GB:0QIX) ) has provided an update.

BW LPG has decided to cease its investment in the planned LPG onshore import terminal at Jawaharlal Nehru Port Association in Navi Mumbai, India, due to ongoing market uncertainties. This strategic move allows the company to focus on its core operations in shipping and trading, ensuring optimal resource allocation and operational agility. Despite withdrawing from this project, BW LPG remains committed to supporting India’s energy transition through other initiatives.

The most recent analyst rating on (GB:0QIX) stock is a Buy with a NOK176.00 price target. To see the full list of analyst forecasts on BW LPG Ltd stock, see the GB:0QIX Stock Forecast page.

More about BW LPG Ltd

BW LPG is the world’s leading owner and operator of LPG vessels, managing a fleet of over 50 Very Large Gas Carriers (VLGCs) with a total carrying capacity exceeding 4 million CBM. With extensive experience in LPG shipping, trading, and downstream distribution, BW LPG provides integrated services across the LPG value chain. The company is part of BW Group, a global maritime leader with a significant presence in shipping, floating infrastructure, and sustainable technologies.

Average Trading Volume: 441,492

Current Market Cap: NOK18.32B

For detailed information about 0QIX stock, go to TipRanks’ Stock Analysis page.