Jul. 11 at 3:51 AM
$BWLP
🚨 BW LPG to sell older vessel, expects
$36M gain
BW LPG
$BWLP announced that its 52%-owned subsidiary BW LPG India has agreed to sell the 2007-built LPG carrier BW Elm as part of its fleet renewal strategy.
Key highlights:
• 💰 Expected net book gain: ~
$36 million (100% basis)
• 💵 Expected net cash proceeds: ~
$64 million (100% basis)
• 🚢 Vessel delivery expected by mid-August 2026
• 📈 Sale price reflects a valuation equivalent to a newbuilding price of approximately
$248 million
Market takeaway: The transaction supports BW LPG's strategy of monetizing older vessels at attractive valuations while reallocating capital toward newer, more efficient ships, strengthening both its balance sheet and long-term fleet competitiveness.
