BW LPG Ltd

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.

BW LPG Limited announced that its shares will trade ex-dividend on the Oslo Stock Exchange starting June 11, 2026, and on the New York Stock Exchange from June 12, 2026. This follows the company's previous announcement on June 2, 2026, regarding the Q1 2026 cash dividend. The dividend amount is NOK 6.1960 per share for Oslo and US$0.67 per share for NYSE.

BW LPG Ltd announced the completion of the sale of its 8.50% equity stake in Confidence Petroleum India Limited (CPIL). This divestment marks BW LPG's full exit as a shareholder in CPIL, aligning with its previously stated strategy to cease investments in infrastructure. The transaction has no impact on the Company's profit or loss or total equity, as all fair value changes were recognized prior to the sale.

BW LPG Ltd. announced strong financial results for Q1 2026, with profit attributable to equity holders reaching $164 million ($1.08 EPS). The company's shipping segment saw TCE income of $197.7 million, up 25% year-over-year, driven by strong performance and favorable market conditions including geopolitical disruptions impacting trade routes. A cash dividend of $0.67 per share was declared. BW LPG also secured significant newbuilding contracts for eight VLGCs and provided a positive outlook for Q2 2026 with 85% of fleet days fixed at an average rate of $81,000 per day.

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.

BW LPG Limited announced the results of its 2026 Annual General Meeting, held on May 28, 2026. Shareholders approved the re-election of five directors and the appointment of Kevin James Mackay as a new Board Member. Mr. Mackay brings over 35 years of global leadership experience in the maritime and energy industries, including a decade as President and CEO of Teekay Tankers Ltd. Andreas Sohmen-Pao was re-appointed as Chairman, and KPMG LLP was re-appointed as Auditor.

BW LPG Limited announced the upcoming release of its Q1 2026 Financial Report. The report is scheduled for publication on Tuesday, June 2, 2026, at approximately 07:00 CEST. In conjunction with the report, the company will host an earnings presentation led by CEO Kristian Sørensen and CFO Samantha Xu, providing details for participants across different time zones.

BW LPG Limited announced its 2026 Annual General Meeting (AGM) will be held on Thursday, May 28, 2026, at 11:30 AM local time in Singapore. The agenda includes the adoption of financial statements for the year ended December 31, 2025, and the re-election and appointment of directors. Shareholders will also vote on the re-appointment of the Chairman, approval of director and committee fees, and the re-appointment of KPMG LLP as auditor. Additionally, proposals for a Share Buy-Back Mandate and a Share Issue Mandate will be considered.

BW LPG Limited has published its Audited Financial Statements for the financial year ended December 31, 2025. These statements, along with the Directors' Statement and Auditor's Report, were prepared in accordance with Singapore Financial Reporting Standards (International) and IFRS Accounting Standards. The documents will be tabled for adoption by shareholders at the company's Annual General Meeting scheduled for May 28, 2026.