BW LPG Limited announces sale of BW Lord

02 Sep 2025 07:00 CEST

Singapore, 2 September 2025

BW LPG Limited (“BW LPG” or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE
ticker code: “BWLP”) is pleased to announce that its 52%-owned subsidiary, BW
LPG India, has entered into an agreement to sell the 2008-built BW Lord for
continued trading.

On a 100% basis, the sale of BW Lord is expected to generate a net book gain of
approximately US$25 million and net cash proceeds of around US$61 million. The
vessel is scheduled for delivery to the buyer before the end of 2025, enabling
BW LPG India to continue earning income from the asset until the handover.

This transaction follows BW LPG India’s recent purchases of the 2015-built BW
Chinook and BW Pampero, further strengthening its position as the owner and
operator of India’s youngest and largest fleet of Very Large Gas Carriers
(VLGCs). The fleet currently comprises eight VLGCs, which collectively handle
approximately 20% of India’s LPG imports.

Kristian Sørensen, CEO of BW LPG, says “We continue to advance our strategy to
modernise BW LPG India’s fleet while capitalizing on strong asset values in the
second-hand market. This is another transaction that underscores the agility of
our commercial platform and our ability to unlock value in the current market
environment.”


For further information, please contact:

Kristian Sørensen, CEO, BW LPG
Samantha Xu, CFO, BW LPG
investor.relations@bwlpg.com


About BW LPG

BW LPG is the world’s leading owner and operator of LPG vessels, owning and
operating a fleet of more than 50 Very Large Gas Carriers (VLGCs) with a total
carrying capacity of over 4 million CBM. With five decades of operating
experience in LPG shipping, an in-house LPG trading division and investment in
onshore LPG infrastructure, BW LPG offers trusted and reliable services to
source and deliver LPG to customers. Delivering energy for a better world – more
information about BW LPG can be found at https://www.bwlpg.com.

BW LPG is associated with BW Group, a leading global maritime company involved
in shipping, floating infrastructure, deepwater oil & gas production, and new
sustainable technologies. Founded in 1955 by Sir YK Pao, BW controls a fleet of
over 450 vessels transporting oil, gas and dry commodities, with its 200 LNG and
LPG ships constituting the largest gas fleet in the world. In the renewables
space, the group has investments in solar, wind, batteries, and water treatment.

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