24 December 2013

BW LPG advances delivery of two VLGC newbuilds

(Singapore, 24 December 2013)

BW LPG is pleased to announce that it has advanced the delivery of two Very Large Gas Carrier (VLGC) newbuilds from Hyundai Heavy Industries, at a cost of US$1.1 million per vessel. Delivery is now expected in August and October 2015, instead of May and August 2016.

This is in line with BW LPG's commitment to provide safe, reliable and cost-efficient LPG transportation solutions to our customers. The vessels are designed for flexible deployment, and owning and operating the world's largest fleet of LPG carriers gives us the capacity and flexibility to offer timely and reliable services across the globe.

BW LPG owns and operates 36 gas carriers with a total carrying capacity of about three million cbm, with a further six VLGC newbuilds (504,000 cbm of capacity) on order in Korea.

For further information, please contact:

Vijay Kamath
Chief Financial Officer
BW LPG Limited
Tel: +65 6434 5819
Email: vijay.kamath@bwlpg.com

Nicholas Gleeson
Chief Executive Officer
BW LPG Limited
Tel: +65 64345801
Email: nicholas.gleeson@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 about 3 million cbm and a further 504,000 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.