BW LPG Limited has announced the sale of the 2015-built vessel BW Levant, which it acquired in the 2024 Avance Gas transaction. The sale is expected to generate a net book gain of approximately US$17 million and net cash proceeds of around US$38 million. The vessel is scheduled for delivery to the buyer at the latest by mid-November, allowing BW LPG to continue earning revenue from the asset in a strong freight market. CEO Kristian Sørensen said the sale demonstrates disciplined capital allocation, realizing a strong return just two years after the purchase.
BW LPG LimitedSale of BW Levant generates $17M book gain and $38M cash proceeds, demonstrating disciplined capital allocation and strong return.