1. NEWS

  2. NEWS

  3. BW sells old LPG vessel to an unidentified owner
BW sells old LPG vessel to an unidentified owner

BW sells old LPG vessel to an unidentified owner

BW LPG, a subsidiary of the Singapore gas shipping giant BW, sold its old carrier Berge Summit for continued trade to an unidentified owner.

A+A-

The LPG shipper says the sale would generate around $9 million in liquidity, and $4 million in net book benefit expected.

In 2015 BW took ownership of the very large gas carrier, which was built in 1990.

The 78,489-cbm vessel has operated for the past five years as floating storage for Vitol's gas-to - power project in the US Virgin Islands.

The deal was in line with the company's asset management policy, said Chief Executive Anders Onarheim.

The company currently owns and operates a fleet of 46 new VLGCs, totaling 8.7 years of age.

In 2020 and 2021 BW will retrofit twelve of these vessels to dual-fuel LPG propulsion.

Maritime Business World 

Previous and Next News

COMMENT ADD

WARNING: Do not use words containing insults, swearing and words against personal and religional beliefs. Comments containing capital letters will not be approved.