BW LPG adds $20m to liquidity as another older VLGC is shipped out

Singapore’s BW LPG has boosted its cash position by $20m through another disposal of an older VLGC.

The Oslo-listed owner said the 79,000-cbm BW Trader (built 2006) has gone for a profit of $2m.

The price and buyer was not given, but delivery will take place this month.

VesselsValue assesses the gas carrier at worth $41m.

BW LPG chief executive Anders Onarheim said the deal was in line with the strategy of seeking to optimise assets through market cycles.