BW LPG Limited ("BW LPG", the "Company", OSE ticker code: "BWLPG.OL") has entered into a Memorandum of Agreement (MOA) to sell the remaining two Large Gas Carriers (LGCs) in the fleet.
BW Nantes and BW Nice, both built in 2003 and with a carrying capacity of 59,400 cbm each, will be delivered within Q1 2020. The sale is expected to generate approximately US$31 million in liquidity and an
expected net book gain of US$9 million.
The remaining owned and operating fleet is 47 VLGCs, including 2 newbuildings which are scheduled to be delivered in Q4 2019 and Q1 2020. The average age of the fleet, excluding the India JV and the storage vessel, is 7.5 years.