BW LPG confirms sale of VLGC BW Confidence

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BW LPG has sold the 2006-built very large gas carrier (VLGC) BW Confidence to an undisclosed buyer in Vietnam for approximately USD 40 million.

“BW Confidence was sold at an approximately 15% premium to our book values which stood at USD 9.4 per share or approximately NOK81 per share as of end of Q1. The sale is aligned with our strategy of being a returns-focused company seeking to maximise returns for our shareholders, and positioning BW LPG to take advantage of opportunities for growth from a global energy transition towards a zero-carbon future,” said Anders Onarheim, CEO of BW LPG.

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