BW LPG Limited - BW LPG Takes Delivery of Vessel BW Breeze From Avance Gas
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BW LPG Limited has taken delivery of the vessel BW Breeze from Avance Gas, marking the delivery of 10 out of 12 Very Large Gas Carriers (VLGCs) as part of an acquisition deal. BW LPG has issued 1,350,000 new shares to Avance Gas.
December 16, 2024 | 11:00 am
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BW LPG Limited has received the BW Breeze vessel, part of a 12 VLGC acquisition from Avance Gas. The company issued 1,350,000 new shares to Avance Gas.
The delivery of the BW Breeze vessel is a significant step in BW LPG's acquisition of 12 VLGCs, enhancing its fleet capacity. The issuance of new shares to Avance Gas as part of the deal may impact stock price positively due to increased asset base and potential for future revenue growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90