Singapore, 13 November 2026
BW LPG Limited ("BW LPG" or the "Company", OSE ticker code: "BWLPG.OL", NYSE
ticker code: "BWLP") is pleased to announce the sale of the 2015-built BW
Mistral, acquired in the 2024 Avance Gas transaction.
The sale of BW Mistral is expected to generate a net book gain of
approximately US$37 million and net cash proceeds of around US$104 million.
The vessel is currently trading in the spot market and is scheduled for
delivery to the buyer latest by mid-January 2027, enabling BW LPG to continue
generating revenue from the asset in a strong freight market.
Kristian Sørensen, CEO of BW LPG, says "Acquired through the Avance Gas
transaction in 2024, BW Mistral has since made a significant contribution to
earnings, benefiting from a strong freight market. The sale well above US$100
million allows us to further crystallise value from the vessel, realising
returns from the strength of the second-hand market. This reflects our focus
on disciplined asset management and pursuing attractive asset-plays to create
shareholder value."
For further information, please contact:
Kristian Sørensen, CEO
Samantha Xu, CFO
investor.relations@bwlpg.com
About BW LPG
BW LPG is the world's leading owner and operator of LPG vessels, with a fleet
of about 50 Very Large Gas Carriers (VLGCs) and Large Gas Carriers (LGCs),
including 20 vessels powered by LPG dual-fuel propulsion technology. Building
on over five decades of LPG shipping experience, the company is strengthened
by an in-house LPG trading division and the commercial expertise to explore
investments in value chain assets. Together, these capabilities enable BW LPG
to provide trusted and reliable services for sourcing and delivering LPG to
customers worldwide. Delivering energy for a better world -- more information
about BW LPG can be found at www.bwlpg.com.
BW LPG is associated with BW Group, a leading global energy and maritime
company involved in shipping, deepwater oil & gas production, renewable energy
and digital infrastructure. BW controls a fleet of over 400 vessels
transporting oil, gas and dry commodities. In the infrastructure space, the
group operates in wind, batteries, water, subsea cable networks and data
centres. www.bw-group.com
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