BW LPG India offloads 18-year-old VLGC for over $80m

AI Summary

BW LPG India agreed to sell an 18-year-old very large gas carrier for more than $80 million as part of its fleet renewal program. The sale reflects strong secondhand vessel values in the gas-carrier market.

New York- and Oslo-listed gas carrier giant BW LPG is cashing in again on strong secondhand values, agreeing to sell an 18-year-old VLGC for more than $80m as it presses ahead with a major fleet renewal programme. The company’s 52%-owned subsidiary, BW LPG India, has signed an agreement to sell the 2008-built, 84,601 cu m …