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BW LPG orders four new VLGCs

Major tanker carrier BW LPG has ordered four new VLGCs set for delivery in 2016. The ships are resale vessels and come at a cheap price, which makes them a solid investment, says analyst agency Pareto Securities.

Photo: BW Shipping

BW LPG, which will soon welcome the current head of Danish Evergas, Martin Ackermannn, as its new CEO, has ordered four new ships.

The order concerns four VLGCs, set to be delivered in the third and fourth quarter of 2016 from Daewoo Shipbuilding and Marine Engineering (DSME). The sales price is around USD 290 million, says BW LPG in a statement on its website.

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