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Tag: BW LPG

BW LPG acquires dual-fuel and scrubber-equipped VLGCs from Avance Gas in a deal valued at $1 billion

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BW LPG acquires dual-fuel and scrubber-equipped VLGCs from Avance Gas in a deal valued at billion

Singapore-based LPG vessel owner and operator BW LPG has signed agreements to acquire twelve very large gas carriers (VLGCs), four of which are dual-fuel, from Norwegian shipping company Avance Gas. Illustration; Archive. Photo credit: BW LPG The transaction, valued at over US$1 billion, includes four 91,000 cubic meter dual-fuel VLGCs, two of which will be […]

Fredriksens Avance Gas sells fleet worth $1 billion to BW LPG

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Fredriksens Avance Gas sells fleet worth billion to BW LPG

(Bloomberg) — Avance Gas Holding Ltd., whose largest shareholder is Norwegian shipping billionaire John Fredriksen, said it has agreed to sell its entire fleet of very large gas carriers to BW LPG Ltd. Under the deal, BW will acquire the vessels for a total consideration of just over $1 billion, the companies said in a […]