BW LPG Limited ('BW LPG', OSE ticker code: 'BWLPG.OL', NYSE ticker code 'BWLP'), has today entered into agreements to acquire 12 modern Very Large Gas Carriers (VLGCs) from Avance Gas Holdings Ltd. ('Avance
BW LPG Limited , has today entered into agreements to acquire 12 modern Very Large Gas Carriers from Avance Gas Holdings Ltd. for a total consideration of US$ 1,050 million . The acquisition fleet comprises four 91K CBM dual fuel VLGCs, of which two are 2022-built and two are 2023-built, and eight 2015-built 83K CBM VLGCs of which six are scrubber-fitted .
BW LPG is expected to increase its net leverage ratio from 7% in Q1 2024 to a range of 30-35%, maintaining a robust balance sheet to support continued shareholder distributions. Mr. Andreas Sohmen-Pao, Chairman of the Board of BW LPG, commented,"This strategic transaction supports BW LPG's ambition to serve our customers with enhanced shipping and product delivery options in the fast-growing LPG space. The addition of these 12 vessels will result in an expanded fleet, greater flexibility, and are expected to be accretive to earnings based on our market view. They will also support our product trading and terminal activities".
Advokatfirmaet Thommessen AS and Cleary Gottlieb is serving as legal counsel to BW LPG in connection with the Transaction.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Gas-Unglück: 'Verkettung unglücklicher Umstände' führte zu Gas-StörfallHadamar/Darmstadt (lhe) - Das folgenschwere Gasleck in einem Betrieb in Hadamar im Februar ist laut einem Gutachten von einer «Verkettung unglücklicher
Weiterlesen »
Apex Fundrock Limited: Form 8.3 - Spirent Communications PLCDJ Form 8.3 - Apex Fundrock Limited: Form 8.3 - Spirent Communications PLC Apex Fundrock Limited (MISL) Form 8.3 - Apex Fundrock Limited: Form 8.3 - Spirent Communications PLC 15-Aug-2024 / 12:01
Weiterlesen »
Apex Fundrock Limited: Form 8.3 - Spirent Communications PLCDJ Form 8.3 - Apex Fundrock Limited: Form 8.3 - Spirent Communications PLC Apex Fundrock Limited (MISL) Form 8.3 - Apex Fundrock Limited: Form 8.3 - Spirent Communications PLC 14-Aug-2024 / 10:56
Weiterlesen »
Coinsilium Group Limited: Director Share DealingsDJ Coinsilium Group Limited: Director Share Dealings Coinsilium Group Limited (COIN) Coinsilium Group Limited: Director Share Dealings 12-Aug-2024 / 12:09...
Weiterlesen »
Coinsilium Group Limited: Web3 Collaboration with Liteflow Update First Web3 Start-Up Pitch Day set for 30 July 2024DJ Coinsilium Group Limited: Web3 Collaboration with Liteflow Update First Web3 Start-Up Pitch Day set for 30 July 2024 Coinsilium Group Limited (COIN) Coinsilium Group Limited: Web3 Collaboration
Weiterlesen »
The Vanguard Group, Inc.: Balanced Commercial Property Trust LimitedDJ Form 8.3 - The Vanguard Group, Inc.: Balanced Commercial Property Trust Limited The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: Balanced Commercial Property Trust Limited 15-Aug-2024
Weiterlesen »