BW sells LPG carrier Berge Summit

LPG_BW

BW LPG has sold carrier Berge Summit to an unidentified owner for continued trading.

The sale will generate about $9 million in liquidity and an expected net book gain of $4 million.

BW took ownership of the 1990-built very large gas carrier in 2015.

The 78,489-cbm vessel served as a floating storage for Vitol’s gas-to-power project in the US Virgin Islands for the last five years.

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