BW LPG Limited

BWLP: 6-K · asset sale

BW LPG Limited announced that its 52%-owned subsidiary, BW LPG India, has agreed to sell the 2008-built vessel BW Loyalty for a price in the low US$80 million. The sale is expected to generate a gain on disposal of approximately US$52 million on a 100% basis, with net cash proceeds of approximately US$66 million after taxes and transaction costs. The vessel will be delivered to the buyer upon completion of her current time charter, no later than December 2026, with the proceeds strengthening BW LPG India's financial position. CEO Kristian Sørensen framed the deal as crystallizing significant value from an 18-year-old asset and demonstrating strength in the second-hand VLGC market.

SEC 6-K•6d ago

BWLP: 6-K · earnings release

BW LPG Limited announced that its Product Services segment delivered a US$164 million gross trading result in Q3 2026, including a US$146 million realised trading result and an US$18 million positive mark-to-market movement. After general and administrative expenses and income taxes, the estimated net profit was approximately US$118 million, with average Value-At-Risk of US$18 million amid heightened market volatility. CEO Kristian Sørensen highlighted a year-to-date realised trading result of approximately US$263 million and said the business is well positioned to keep capitalising on volatile LPG markets through active risk management. The result will feed into BW LPG's full Q3 report due 24 November 2026.

SEC 6-K•7d ago

BWLP: 6-K · dividend

BW LPG Limited shares began trading ex-dividend on the Oslo Stock Exchange on 7 September 2026 and will trade ex-dividend on the New York Stock Exchange from 8 September 2026. The Q2 2026 cash dividend is NOK8.8914 per share for shareholders receiving payment in NOK and US$0.95 per share for shareholders receiving payment in USD, following the key dividend information announced on 28 August 2026. BW LPG is the world's leading owner and operator of LPG vessels with a fleet of about 50 VLGCs and LGCs, including 20 vessels powered by LPG dual-fuel propulsion technology, and is associated with BW Group, which controls a fleet of over 400 vessels.

SEC 6-K•1mo ago

BW LPG Limited – Financial Results for Q2 2026

BW LPG reported Q2 profit attributable to equity holders of $120 million, or $0.79 per share, driven by strong shipping performance and TCE income of $274.9 million. The Board declared a cash dividend of $0.95 per share, equating to 100% of Shipping NPAT, while liquidity stood at $773 million with net leverage improving to 23.5%. Subsequent events include the sale of three vessels for aggregate net cash proceeds of approximately $166 million, and Q3 guidance shows 92% of available days fixed at ~$88,000 per day.

•1mo ago

BWLP: 6-K · asset sale

BW LPG Limited announced that its 52%-owned subsidiary BW LPG India has entered into an agreement to sell the 2007-built VLGC BW Birch for continued trading, with delivery to the buyer scheduled by mid-November at the latest. On a 100% basis, the sale is expected to generate a net book gain of approximately US$37 million and net cash proceeds of around US$64 million, at a value the CEO says is equivalent to a newbuilding price of approximately US$248 million. CEO Kristian Sørensen framed the transaction as continued execution of the company's fleet renewal programme, in line with the recently announced sale of BW Elm, and as evidence of BW LPG's ability to capitalize on strong second-hand market values for VLGCs.

SEC 6-K•2mo ago

BWLP: 6-K · asset sale

BW LPG Limited announced the sale of the 2015-built vessel BW Levant, which was originally acquired during the 2024 Avance Gas transaction. The sale is expected to yield a net book gain of approximately US$17 million and net cash proceeds of around US$38 million, reflecting a disciplined approach to capital allocation. Delivery of the vessel is scheduled for mid-November 2026, allowing the company to continue generating revenue from the asset in the current strong freight market.

SEC 6-K•3mo ago

BWLP: 6-K · asset sale

BW LPG Limited announced that its 52%-owned subsidiary, BW LPG India, has entered into an agreement to sell the 2007-built vessel BW Elm for continued trading. The vessel is scheduled for delivery to the buyer by mid-August 2026. On a 100% basis, the sale is expected to generate a net book gain of approximately US$36 million and net cash proceeds of around US$64 million. The company highlighted that the sale price reflects the strength of its commercial platform, equating to the level of a newbuilding price of about US$248 million. CEO Kristian Sørensen stated the transaction capitalizes on strong second-hand values for older vessels. He noted the company is actively pursuing an opportunistic asset play strategy to divest older ships while investing in new tonnage.

SEC 6-K•3mo ago

BW LPG Limited – Financial Results for Q1 2026

BW LPG reported Q1 2026 net profit of $164 million ($1.08 EPS), driven by strong shipping TCEs of $55,500/day and a $137 million unrealized mark-to-market gain in its trading portfolio. The company declared a $0.67 per share dividend and provided robust Q2 guidance, with 85% of available fleet days fixed at ~$81,000/day, significantly above Q1 performance. Geopolitical disruption in the Middle East (Strait of Hormuz blockade) tightened vessel supply and supported rates, while the company signed a $940 million contract for eight new VLGCs.

•4mo ago

BWLP: 6-K · material agreement

BW LPG Limited has entered into a material agreement with Hyundai Heavy Industries for the construction of eight new 90,000 cbm Panamax Very Large Gas Carriers (VLGCs). The total consideration for the newbuildings is approximately US$940 million, subject to final technical specifications. The vessels are scheduled for sequential delivery starting in early 2029 through the second quarter of 2030. CEO Kristian Sørensen stated that this series supports the company’s fleet renewal program and enhances commercial and operational flexibility, citing strong long-term fundamentals in the LPG market.

SEC 6-K•4mo ago