(Singapore, 24 November 2022)
BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG.OL”) is pleased to announce that it has completed the acquisition of Vilma Oil’s LPG Trading Operations, a transaction which was previously announced on 1 August 2022.
“This acquisition accelerates our ambition to expand our Product Services division,” says Anders Onarheim, CEO, BW LPG. “We welcome the team to BW LPG and look forward to working together on an expanded commercial platform, improving our ability to service our clients and adding value to our shareholders.”
For further information, please contact:
Chief Executive Officer
Chief Financial Officer
About BW LPG
BW LPG is the world’s leading owner and operator of LPG vessels, owning and operating Very Large Gas Carriers (VLGC) with a total carrying capacity of over 3 million CBM. With five decades of operating experience in LPG shipping and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at www.bwlpg.com.
BW LPG is associated with BW Group, a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies.
Founded in 1955 by Sir YK Pao, BW controls a fleet of over 490 vessels transporting oil, gas and dry commodities, with its 200 LNG and LPG ships constituting the largest gas fleet in the world. In the renewables space, the group has investments in solar, wind, batteries, biofuels and water treatment.