DivestmentJul 10, 2026, 04:08 PM
BW LPG Sells BW Elm for US$64M; US$36M Book Gain
AI Summary
BW LPG Limited announced that its 52%-owned subsidiary, BW LPG India, has entered into an agreement to sell the 2007-built vessel, BW Elm. The sale is expected to generate a net book gain of approximately US$36 million and net cash proceeds of around US$64 million. The company is capitalizing on strong second-hand values for older vessels, with the CEO noting the sale price is equivalent to a newbuilding price of about US$248 million. The vessel is scheduled for delivery to the buyer by mid-August.
Key Highlights
- BW LPG's 52%-owned subsidiary, BW LPG India, sold the 2007-built BW Elm.
- Sale expected to generate a net book gain of approximately US$36 million.
- Net cash proceeds from the sale are estimated at around US$64 million.
- Vessel scheduled for delivery to the buyer by mid-August.
- CEO noted sale price is equivalent to a newbuilding price of about US$248 million.
Price Impact
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