(Singapore, 20 March 2015)
BW LPG Limited ("BW LPG", the "Company", OSE ticker
code: "BWLPG") is pleased to announce that it has
today taken delivery of the Very Large Gas Carrier
('VLGC') Vermilion First to be renamed, BW Sakura.
BW LPG had exercised the purchase option on the
vessel on 2 March 2015. Nicholas Gleeson, CEO of BW
LPG commenting on the purchase said, "Addition to
our fleet of owned vessels through exercise of
options on chartered-in vessels is one avenue to
growth that is particularly valuable when tonnage
availability is tight. We have a number of
opportunities to add to the fleet this way at
attractive prices in the coming years."
Vermilion First has been on a time charter with BW
LPG since the acquisition of the charter from AP
Moller-Maersk in 2013. Built in 2010, with a
capacity of approximately 77,324 cubic metres, the
vessel will fly the Isle of Man flag and be classed
by DNV. The vessel will continue to be available
for spot and CoA cover.
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.