BW LPG Limited has agreed to sell its 2007-built vessel, BW Birch. The transaction is expected to generate $64 million in net cash proceeds and a $37 million net book gain on a 100% basis.

The sale involves BW LPG India, the company's 52%-owned subsidiary. The vessel is currently trading under a time charter agreement and is scheduled for delivery by mid-November at the latest.

Transaction Details

The sale price reflects strong second-hand market values, with the transaction value equivalent to a newbuilding price of approximately $248 million. This aligns with the recently announced sale of another vessel, BW Elm.

Kristian Sørensen, CEO of BW LPG, stated that the transaction supports the company's continued execution of its fleet renewal programme.

What the Numbers Show

The significant divergence between the net cash proceeds of $64 million and the implied book value (derived from the $37 million gain) indicates the vessel was carried on the balance sheet at approximately $27 million. Selling an asset built in 2007 for a price equivalent to a $248 million newbuilding highlights substantial appreciation in second-hand LPG carrier values relative to replacement costs.

BW LPG Limited (NYSE: BWLP; OSE: BWLPG.OL) will publish its Q2 2026 Financial Report on Friday, August 28, 2026, at approximately 7:00 am CEST (1:00 am EDT / 1:30 pm SGT).

In connection with the results publication, the company will host an earnings presentation led by Kristian Sørensen, CEO, and Samantha Xu, CFO.

Event Details

The presentation will be held live via Zoom. Participants are requested to register in advance. Registered participants will receive a confirmation email containing access details for the meeting.

• Date: Friday, August 28, 2026
• Local Times:
  • Oslo, Norway: 2:00 pm CEST
  • New York, USA: 8:00 am EDT
  • Singapore: 8:00 pm SGT

A recording of the presentation will be made available on the company’s website following the event.

About BW LPG

BW LPG is the world’s leading owner and operator of LPG vessels, with a fleet of about 50 Very Large Gas Carriers (VLGCs). This includes over 20 vessels powered by LPG dual-fuel propulsion technology. The company leverages over five decades of LPG shipping experience, an in-house LPG trading division, and commercial expertise to explore investments in value chain assets.

BW LPG is associated with BW Group, a global energy and maritime company involved in shipping, deepwater oil and gas production, renewable energy, and digital infrastructure. BW controls a fleet of over 400 vessels transporting oil, gas, and dry commodities.

This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.