BW_LPG orders 8 VLGCs

BW LPG>>>, a leading owner and operator of LPG vessels, has signed a contract with HD Hyundai Heavy Industries>>> for the construction of eight 90'cbm Panamax Very Large Gas Carriers (VLGCs). The total consideration for these newbuildings is approximately US$940 million. Deliveries are expected to commence in early 2029 and continue until the second quarter of 2030. Kristian Sorensen>>>, CEO of BW LPG>>>, stated that this new series of vessels supports the company's ongoing fleet renewal program and is backed by strong long-term fundamentals in the LPG market. He also emphasized that these Panamax newbuildings offer the most flexible design, which will enhance BW LPG>>>'s scale, commercial, and operational flexibility. BW LPG>>> is associated with SK Group>>>, a global maritime company.