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BW LPG (NYSE:BWLP) Optimistic About Market Prospects for 2024-2025, Banks on US and Middle East Exports

Sun 12 Jan 25, 02:44 AM | Team Kalkine

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Highlights

BW LPG Limited (NYSE:BWLP) is a Singapore-based company. It owns and operates liquefied petroleum gas (LPG) vessels. The company’s fleet consists of very large gas carriers (VLGCs). These vessels have a total carrying capacity of over three million CBM.

On December 31, 2024, the company confirmed the completion of its acquisition of 12 Very Large Gas Carriers (VLGCs) from Advance Gas Holdings Ltd. The final vessel, BW Avior, was delivered on the same day. Following the acquisition, Avance Gas now owns 12.11% of BW LPG’s shares.

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