BW LPG’s $150M Mega Deal: Game-Changing VLGC Sale to Boost India’s Energy Future
BW LPG has agreed to sell two of its recently acquired Very Large Gas Carriers (VLGCs), BW Pampero and BW Chinook, to its Indian subsidiary, BW LPG India, for $150 million. The vessels, originally obtained through BW LPG’s Avance Gas acquisition, will be delivered in Q3 2025. This move strengthens BW LPG India’s market position, adding modern 2015-built ships to its already dominant fleet, which handles 20% of India’s LPG imports. Operating under India’s Atmanirbhar Bharat initiative, BW LPG India ensures self-reliant and efficient energy transport.
Founded in 2017 as a joint venture, the company is headquartered in Chennai, with BW LPG holding a 52% stake and Maas Capital owning 42%. BW LPG CEO Kristian Sørensen emphasized the importance of fleet modernization and expressed gratitude for partnerships that enhance the company’s Indian presence. The sale aligns with BW LPG’s long-term strategy to optimize its fleet in high-growth markets while supporting India’s energy transition. As a global LPG shipping leader, BW LPG continues to invest in fleet renewal and sustainable energy solutions.
BW LPG’s $150M Mega Deal: Game-Changing VLGC Sale to Boost India’s Energy Future
BW LPG Limited, a leading player in the liquefied petroleum gas (LPG) shipping industry, has agreed to sell two of its Very Large Gas Carriers (VLGCs) to its Indian subsidiary, BW LPG India, for a total of $150 million. The two vessels, BW Pampero and BW Chinook, were recently acquired as part of BW LPG’s purchase of Avance Gas. Each ship is priced at approximately $75 million, with the transfer expected to be completed in the third quarter of 2025.
Strengthening India’s LPG Market
BW LPG India already operates the largest VLGC fleet in India, and this acquisition will further solidify its market position. The addition of these two modern, 2015-built ships will not only expand the fleet but also enhance its efficiency to meet India’s rising demand for LPG. This move aligns with the country’s growing reliance on LPG imports for both domestic and industrial use.
All of BW LPG India’s vessels are registered under the Indian flag and operated locally, making the company a key contributor to India’s Atmanirbhar Bharat (Self-Reliant India) initiative. It plays a crucial role in the nation’s energy supply chain, handling around 20% of India’s total LPG imports.
A Strategic Partnership
BW LPG India was established in 2017 as a joint venture between BW LPG Limited and Global United Shipping. In 2021, Maas Capital Shipping B.V. acquired a 42% stake in the company, while BW LPG retained a majority 52% ownership. This partnership has been instrumental in strengthening India’s LPG shipping infrastructure.
Kristian Sørensen, CEO of BW LPG, emphasized that this transaction reinforces the company’s presence in India while ensuring a more modern and efficient fleet. He also acknowledged the strong collaboration with Maas Capital and Global United Shipping, which has played a crucial role in supporting BW LPG India’s growth.
Optimizing the Fleet for Future Growth
This sale is part of BW LPG’s broader strategy to streamline its fleet and focus on high-growth markets like India. By transferring these vessels to its Indian subsidiary, the company aims to better serve the region’s increasing energy needs while maintaining operational efficiency.
BW LPG remains committed to supporting India’s energy transition, ensuring a stable supply of LPG as the country continues to expand its gas-based economy. The company’s efforts align with global trends toward cleaner energy solutions while maintaining a strong presence in traditional fuel transportation.
About BW LPG
BW LPG is a global leader in LPG shipping, managing a fleet of VLGCs with a combined capacity of over 4 million cubic meters. With more than 50 years of experience, the company is recognized for its reliability and expertise in transporting LPG worldwide.
As part of BW Group, a major maritime corporation with a fleet of over 490 vessels across oil, gas, and dry commodities, BW LPG benefits from extensive industry knowledge and resources. BW Group is also actively investing in renewable energy, including solar, wind, biofuels, and water treatment, showcasing its commitment to sustainable development.
This strategic sale highlights BW LPG’s focus on growth, efficiency, and long-term market stability, ensuring it remains a key player in the global energy shipping industry.