17 November 2014
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:
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 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.