Singapore's BW LPG has bought an extra chunk of its Indian VLGC joint venture as it enjoyed stronger than expected earnings in the first quarter.
The Oslo-listed shipowner said it now owns 85% of BW Global United LPG India, which was formed on a 50:50 basis in 2017 with Global United Shipping India.
The venture initially had two VLGCs sold that it purchased from BW LPG, a spin-off of the BW Group.
