(Singapore, 18 March 2015)
BW LPG Limited ("BW LPG", the "Company", OSE ticker
code: "BWLPG") is pleased to announce that it has
today taken delivery of BW Gemini, the third Very
Large Gas Carrier (VLGC) in its newbuilding program
of eight VLGCs.
The BW Gemini is part financed by the USD 400
million loan facility agreement signed in February
with KEXIM, DNB and SEB, as lending banks.
BW LPG's CCO, Andrew Hoare commented on the
delivery, "BW Gemini, the third newbuilding in this
series of VLGCs is delivered to us from HHI on
schedule at a time of buoyant market conditions.
At 84,000 cubic meters, the vessel is optimised for
loading out of the US terminals and will enable us
to continue to enhance our scale and operating
capability to our strong customer base."
Including the BW Gemini, the company now owns and
operates a fleet of 38 vessels on the water,
comprising 22 owned VLGCs, 11 chartered-in VLGCs
and five owned LGCs. BW LPG is the world's largest
Very Large Gas Carrier (VLGC) owner and operator,
by number of VLGCs and by LPG carrying capacity. BW
LPG has 5 further newbuildings delivering through
2015 and 2016.
For further information, please contact:
Vijay Kamath
Chief Financial Officer
BW LPG Limited
Tel: +65 6705 5506
Email: vijay.kamath@bwlpg.com
ABOUT BW LPG
BW LPG is the world's largest very large gas
carrier (VLGC) owner and operator based on number
of VLGCs and by LPG carrying capacity. BW LPG owns
and operates 38 gas carriers with a total carrying
capacity of close to 3 million cbm and a further
420,000 cbm of capacity on order in Korea. With 35
years of operating experience in LPG shipping and
experienced seafarers and staff, BW LPG offers a
flexible and reliable service to customers. BW LPG
is associated with BW Group, one of the world's
leading shipping groups. BW Group is involved in
oil and gas transportation, floating gas
infrastructure, environmental technologies and deep-
water production.
This information is subject to disclosure
requirements pursuant to Section 5-12 of the
Norwegian Securities Trading Act.