BW LPG secures financing for seven newbuildings

BW LPG has secured financing for seven new VLGCs. The lending facility is worth USD 400 million and is deemed favorable by analysts Fearnley.

CEO for BW Group Andreas Sohmen-Pao | Photo: Danish Maritime Days

BY LOUISE VOGDRUP-SCHMIDT

The world's largest LPG carrier, BW LPG, has secured financing for seven VLGCs in the company's newbuilding program, says the carrier in a statement.

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