Smooth Sailing Ahead: BW LPG Welcomes Newest Vessel, BW Breeze, from Avance Gas

Introduction

SINGAPORE–(BUSINESS WIRE)–With reference to the stock exchange announcement on 15 August 2024 for the acquisition of 12 modern Very Large Gas Carriers (VLGCs) from Avance Gas Holdings Ltd (“Avance Gas”, OSE ticker code: “AGAS”), BW LPG Limited (“BW LPG” or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code “BWLP”) has taken delivery of vessel BW Breeze on 15 December 2024. 10 of the 12 VLGCs are now delivered. BW LPG has today issued 1,350,000 new BW LPG shares to Avance Gas as part.

Smooth Operations

The addition of the newest vessel, BW Breeze, to BW LPG’s fleet marks a significant milestone in their expansion and growth strategy. With a total of 10 out of 12 VLGCs now delivered, the company is well on its way to enhancing its capabilities in the transportation of liquefied petroleum gas (LPG) across the seas.

Effect on Me:

As a consumer, this development may not directly impact you, but indirectly it can lead to more efficient transportation of LPG which could potentially result in stable prices and availability of LPG in the market.

Effect on the World:

On a global scale, the addition of these modern VLGCs to the fleet signifies an increase in the capacity for the transportation of LPG, which plays a crucial role in meeting energy demands worldwide. This will contribute to the smooth flow of energy resources across different regions, supporting economic growth and development.

Conclusion

In conclusion, the delivery of BW Breeze from Avance Gas to BW LPG paves the way for enhanced operational efficiency and growth opportunities in the LPG transportation sector. With a commitment to sustainability and innovation, BW LPG is set to navigate towards a future of smooth sailing ahead.