BW LPG to sell BW Lord for $61M in net cash proceeds

BW LPG (BWLP) announced that its 52%-owned subsidiary, BW LPG India, has entered into an agreement to sell the 2008-built BW Lord for continued trading. On a 100% basis, the sale of BW Lord is expected to generate a net book gain of approximately $25M and net cash proceeds of around $61M. The vessel is scheduled for delivery to the buyer before the end of 2025, enabling BW LPG India to continue earning income from the asset until the handover. This transaction follows BW LPG India’s recent purchases of the 2015-built BW Chinook and BW Pampero. The fleet currently comprises eight VLGCs, which collectively handle approximately 20% of India’s LPG imports.