The owner and operator of LPG vessels BW LPG exercised in February the purchase option for the 2020-built BW Yushi (BW Kizoku sister vessel) for a consideration of about $70m with an estimated delivery in the second quarter of 2025.
The unit is the sister vessel of the 83,325 cbm BW Kizoku Singapore-flagged vessel built in 2019. The company reported that the BW Kizoku was delivered to BW LPG in February 2025, following the declaration of purchase option for a consideration of $69.8m.
On the sales side, the shipowner concluded the sale and delivery of 2007-built BW Cedar in February 2025, generating about $65m in proceeds and a net book gain of $32m.
Furthermore, the company completed the acquisition of 12 modern VLGCs from Avance Gas Holdings Ltd.
With this acquisition, BW LPG has a current owned and operated fleet of 52 VLGCs, of which 22 are equipped with LPG dual-fuel propulsion technology.
Meanwhile, the company’s chartering team over the last months has concluded several time charters with commencement through 2025.
BW LPG is an owner and operator of LPG vessels, owning and operating very large gas carriers (VLGC) with a total carrying capacity of over 4 million CBM.
