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BW LPG's Indian Subsidiary Agrees $64 Million Vessel Sale

MT Newswires·07/10/2026 01:52:02
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01:52 AM EDT, 07/10/2026 (MT Newswires) -- BW LPG (BWLPG.OL) said its partly owned Indian subsidiary agreed to sell the BW Elm vessel for expected net cash proceeds of $64 million. The sale is expected to result in a net book gain of $36 million on a 100% basis, according to a Friday release. BW LPG owns a 52% stake in the seller, BW LPG India. The 2007-built vessel is expected to be delivered to the buyer by mid-August.