BW LPG Limited - BW LPG Takes Delivery of Vessel BW Levant from Avance Gas
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BW LPG Limited has taken delivery of the vessel BW Levant from Avance Gas as part of its acquisition of 12 Very Large Gas Carriers. This marks the delivery of five out of the 12 VLGCs. BW LPG has issued 1,350,000 new shares to Avance Gas as part of the transaction.
November 29, 2024 | 8:45 am
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BW LPG Limited has received the BW Levant vessel, part of its acquisition of 12 VLGCs from Avance Gas. This is the fifth vessel delivered, and BW LPG has issued 1.35 million new shares to Avance Gas.
The delivery of the BW Levant is a significant step in BW LPG's acquisition of 12 VLGCs, enhancing its fleet capacity. The issuance of new shares to Avance Gas indicates a strategic equity action, likely to have a positive impact on BW LPG's stock as it expands its operational capabilities.
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IMPORTANCE 80
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