ExpansionJun 1, 2026, 06:16 AM
BW LPG Orders 8 VLGC Newbuildings for $940M
AI Summary
BW LPG Limited has signed a contract with Hyundai Heavy Industries for the construction of eight 90'cbm Panamax Very Large Gas Carriers (VLGCs). The total consideration for these newbuildings is approximately US$940 million. Deliveries are expected sequentially from early 2029 through the second quarter of 2030, supporting the company's fleet renewal program and enhancing operational flexibility.
Key Highlights
- BW LPG ordered eight 90'cbm Panamax VLGC newbuildings.
- The total consideration for the newbuildings is about US$940 million.
- Vessels are expected to be delivered sequentially from early 2029 until Q2 2030.
- The order supports BW LPG's ongoing fleet renewal program.
- The newbuildings are designed to enhance scale, commercial, and operational flexibility.
Price Impact
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