(Singapore, 11 May 2015)
BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG”) is pleased to announce that it has taken delivery of the Very Large Gas Carrier (“VLGC”) Berge Summit.
Berge Summit has been bareboat chartered-in by BW LPG since 2004. BW LPG recently announced the exercise of a purchase option of USD 8 million, which became available under the charter, http://www.bwlpg.com/news-from-BW-LPG/press-releases/bw-lpg-exercises-purchase-option-on-berge-summit, as a result of which BW LPG takes ownership effective 11 May 2015. Built in 1990 with a capacity of approximately 78,489 cubic metres, the vessel will remain flagged under the Bahamas flag. The vessel will continue to be a part of the fleet available to service existing and new charter commitments.
For further information, please contact:
Chief Financial Officer
BW LPG Limited
Tel: +65 6705 5506
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 672,000 cbm of capacity on order in Korea. With more than 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.