Topic
lpg shipping
Logistics BW LPG India Sells Vintage VLGC for $36M Gain as Secondhand Values Remain Strong
BW LPG India, a 52%-owned subsidiary of BW LPG, has sold the 2007-built VLGC BW Elm to an undisclosed buyer for net cash proceeds of about $64m, generating a net book gain of approximately $36m. The sale capitalizes on strong secondhand values and comes on the heels of an eight-vessel newbuilding order at HD Hyundai Heavy Industries. The transaction underscores a broader fleet renewal strategy as the company reshapes its presence in India.
Logistics Dorian LPG Orders $115M VLGC Newbuild, Sells Three Older Tankers as Rates Surge
New York-listed VLGC owner Dorian LPG has ordered one 90,000 cu m dual-fuel VLGC at HD Hyundai for about $115m, scheduled for July 2029 delivery, while selling three older VLGCs for combined proceeds of $256m. The fleet moves come as VLGC earnings surge, with the company fixing 99% of its available days for the quarter ending June 30 at over $68,000 per day and 34% of July days at over $100,000 per day.