BW LPG to sell BW Loyalty tanker, booking gain of about $52 million
BW LPG agreed to sell its 18-year-old gas carrier BW Loyalty through its Indian subsidiary, with net cash proceeds expected near $66 million.
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what happened
BW LPG Limited said its 52%-owned subsidiary, BW LPG India, has agreed to sell the BW Loyalty, a gas carrier built in 2008, for continued trading. On a 100% basis, the company expects a gain on disposal of roughly $52 million. After taxes and transaction costs, net cash proceeds are estimated at about $66 million. The details were published in the company's announcement, which Reuters also reported.
Delivery to the buyer is set for completion of the vessel's current time charter, and no later than December 2026. CEO Kristian Sørensen said the sale, at a price in the low $80 million range, "demonstrates the strength of the second-hand market" and strengthens BW LPG India's finances.
why it matters
The sale of an older LPG carrier at a strong price suggests demand in the second-hand vessel market remains solid. For BW LPG shares (BWLPG.OL, BWLP), this is a one-off event bringing a gain and cash inflow, without changing the fleet's operating model.
tags
instruments
sources
- BW LPG Limited Announces Sale Of BW Loyalty — Reuters, 20 October 2026 at 07:31 UTC
- BW LPG Limited announces sale of BW Loyalty — TradingView, 20 October 2026 at 07:30 UTC
- BW LPG Limited Announces Sale of BW Loyalty — TradingView, 20 October 2026 at 07:54 UTC
- BW LPG Announces Sale Of BW Loyalty — Reuters, 20 October 2026 at 08:08 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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