Supporting our customers with market insights, operational flexibility and maritime expertise.
Very Large Gas Carrier BW Gemini at Enterprise Terminal, USA.
Established in February 2019, BW Product Services was formed to develop an integrated platform capturing value across the LPG value chain, adding LPG trading to our core shipping business. Following the acquisition of Vilma Oil’s LPG trading operations in 2022, the platform has continued to scale, supported by a highly experienced team and a growing global footprint.
With offices in Singapore, Madrid, Oslo and Houston, BW Product Services maintains broad coverage across the world’s key LPG markets.
LPG trading
At BW Product Services, through many years of operating and trading experience, we have built a strong network in and a deep understanding of the LPG industry, supporting our customers with integrated LPG delivery services.
Our touch points within the LPG value chain typically include export terminals (linked to upstream pipelines and storage facilities) and import terminals (linked to downstream storage and transportation). LPG is usually purchased by industrial users in bulk, or in cylinders by retail and domestic users. LPG is first transported to storage terminals by vessels, trucks or pipelines before being delivered to facilities such as PDH plants, cylinder filling plants and intermediate storage areas.
The Far East will remain the highest consumer of LPG for retail demand. Within the Far East, China accounts for most of the demand. The Middle East is a key growth area for gas plant production as new projects come onstream around 2025/2026 maintaining the region as a dominant LPG supply source for India and Asia markets.
LPG can also be traded on the derivatives market with forward and swaps contracts.
Our bank partners
We are pleased to work with leading banks to finance our business. Key partners include Banque Cantonale de Genève (Switzerland), BIC-BRED (Suisse) SA (Switzerland), BNP Paribas (Singapore), Credit Agricole Corporate and Investment Bank (Singapore), Citibank N.A. (Singapore), OCBC Bank (Singapore) and Societe Generale (Paris).
