BW LPG (NYSE:BWLP) said Thursday it agreed to acquire 12 Very Large Gas Carriers from Avance Gas Holdings for $1.05B in cash and stock. The acquisition fleet comprises four 91K CBM dual fuel VLGCs ...

The assessment praised the vessel’s use of LPG, which is expected to cut CO2 emissions by approximately 15% compared with ...

BW LPG is the world’s leading owner and operator of LPG vessels, owning and operating Very Large Gas Carriers (VLGC) with a total carrying capacity of over 3 million CBM.

The LPG carrier market was quite muted in early 2025 as spot rates were softer due to seasonal post-winter weakness. However, there would be stronger seasonal demand during harvesting in late summer.

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Tensions in the Middle East have added to the price pressure. The spot rate for very large gas carriers (VLGCs) between the Middle East and Far East reached $89 per metric ton on Monday, the highest ...