BW LPG takes delivery of BW Aries
(Singapore, 17 November 2014)
BW LPG Limited ("BW LPG", the "Company", OSE ticker
code: "BWLPG") is pleased to announce that it has
today taken delivery of BW Aries, the first of
eight newly-built Very Large Gas Carriers (VLGCs)
from Hyundai Heavy Industries (HHI).
In a speech given at the shipnaming ceremony in
Ulsan, Korea, Nicholas Gleeson, BW LPG's CEO, spoke
to the high quality of the vessel construction and
oversight, and highlighted the importance of safety
in the design and build processes. "The completion
of this vessel is a testament to a great many hours
of exceptional teamwork", he said.
BW Aries' and her sister-ships' designs incorporate
modern solutions for improved safety, environmental
performance, and fuel savings. Andrew Hoare, BW
LPG's Chief Commercial Officer stated, "The BW
Aries is the first of the eight new buildings
ordered with HHI and she joins our fleet to enhance
our delivery to our customers. BW LPG is a
committed industry player in the LPG sector and
decisions about the addition of new vessels to the
fleet are made based on a long term outlook."
BW Aries will join 19 other VLGCs in BW LPG's fleet
currently on water. The company now owns and
operates a fleet of 36 vessels, comprising 20 owned
VLGCs, 11 chartered-in VLGCs, 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.
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 36 gas carriers with a total carrying
capacity of close to 3 million cbm and a further
588,000 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.