Product Services

Supporting Our Customers,
Enhancing Our Shipping Business

VLGC BW Gemini at Enterprise Terminal
Very Large Gas Carrier BW Gemini at Enterprise Terminal

The Product Services division was established in February 2019 to support BW LPG’s core shipping business.

The  division reflects our ambitions to provide existing and new customers with reliable, integrated LPG delivery services, while maximising the utilisation of our fleet of vessels. BW LPG will purchase LPG and we offer it delivered directly to buyers and/or receivers. Whilst LPG shipping remains our core business, we aim to diversify our business offerings, innovate to capture market opportunities, and maximize value for both customers and shareholders.

A natural step forward

In July 2022, BW LPG announced the acquisition of the LPG trading operations from Vilma Oil. The acquisition brings a highly experienced team with a strong track record to BW LPG, and is in line with our strategy to support our core shipping business – we want to remain the world’s leading LPG shipping company, delivering cleaner-burning energy safely and sustainably to our customers. With an expanded team, BW LPG will scale its offering to provide even better service to customers while continuing to operate within disciplined capital requirements and defined risk thresholds.

The transaction is expected to close by 2022, subject to regulatory approvals from Spanish authorities.

World’s largest fleet of VLGCs

BW LPG is the world’s largest owner and operator of Very Large Gas Carriers (VLGCs). Having the world’s largest fleet of LPG carriers gives us the capacity and flexibility to offer timely and reliable services anywhere in the world, providing 24/7 commercial and operational support to our customers.

 

A pioneer in the use of LPG dual-fuel propulsion technology

We also have the world’s largest fleet of LPG-powered VLGCs – 15 of our vessels are retrofitted with LPG dual-fuel propulsion technology and serve our customers with the sector’s lowest emissions profile. This is our commitment to sustainable development, which we pursue while keeping our focus on safe and reliable operations, so that we can continue to provide industry-leading customer service and generate better returns for our shareholders.