India’s LPG Fleet Grows as BW LPG Sells Two Carriers for $150 Million
(P&GJ) — BW LPG Limited has signed a Memorandum of Agreement to sell two Very Large Gas Carriers (VLGCs) — the BW Pampero and BW Chinook — to BW LPG India, its joint venture with Global United Shipping.
Each vessel will be sold for approximately $75 million, with delivery expected in the third quarter of 2025. The ships were recently acquired through BW LPG’s transaction with Avance Gas.
BW LPG India currently operates the country’s largest VLGC fleet, which will grow to eight ships with this addition. The move also supports fleet renewal, as the vessels were built in 2015, aligning with rising demand for LPG in India.
“With BW Pampero and BW Chinook we add modern quality tonnage and more capacity to our Indian-flagged fleet,” said Kristian Sørensen, CEO of BW LPG. “We see tremendous potential in the country and are proud to participate in the continued growth of the Indian LPG market. We would like to thank our partners, Mass Capital and Global United Shipping, for their trust and collaboration, and for partaking in sustained fleet renewal.”
BW LPG India, headquartered in Chennai, was formed in 2017 and is jointly owned by BW LPG (52%) and Maas Capital (42%), following a 2021 transaction. The fleet is Indian-flagged and Indian-operated, in line with the country’s Atmanirbhar Bharat (self-reliant India) initiative, and is responsible for roughly 20% of India’s LPG imports.
BW LPG said the deal aligns with its broader strategy to optimize its fleet in expanding markets while supporting India’s energy transition.
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