Page 2 - Anders Onarheim News Today

BW LPG Limited announces the sale of two Very Large Gas Carriers (VLGCs), BW Sakura and BW Niigata, and that the Board of Directors of BW LPG has also resolved to initiate a share buy-back programme. BW Sakura and BW Niigata were built in 2010 in Japan and have a carrying capacity of 78,900 CBM ...

Singapore owner offloads two 2010-built ships to third party, while dropping down quartet to Indian subsidiary

The LPG market takes abrupt turns, and the average spot rate for BW LPG is lower in 2021 than in 2020. But chief executive Anders Onarheim expects that 2022 will bring slightly better rates than what he has seen on average this year, he tells ShippingWatch.

BW LPG says that retrofitting 15 vessels to use LPG as a fuel will save the company 1m tons of CO2 emissions.

BW Empress was built in 2005 and has a carrying capacity of 77,330 CBM.  "The sale has generated approximately US$ 40 million in liquidity and an expected net book gain of approximately US$ 10 million. The sale and delivery of the vessel to its new owner for further trading was completed on 15 April 2021," the Oslo-listed company said Friday. Anders Onarheim, CEO of BW LPG, said: "BW Empress was sold for an attractive price in a volatile market. This sale is aligned with our asset management s...

Maritime Activity Reports, Inc. December 14, 2020 BW Gemini is the worlds first VLGC to run on LPG fuel. (Photo: BW LPG) BW LPGs BW Gemini, the world’s first Very Large Gas Carrier (VLGC) to be retrofitted with LPG dual-fuel propulsion, completed loading at Enterprise Terminal in Houston Monday.  BW LPG, part of BW Group, said Monday that the VLGC had completed its "historic" crossing of the Pacific Ocean on LPG propulsion on December 5. "BW Gemini is carrying a record lo...

BW Gemini [Image: BW LPG] Singapore-headquartered BW LPG Limited (OSE: BWLPG.OL) reports that BW Gemini, the world’s first Very Large Gas Carrier (VLGC) to be retrofitted to LPG dual-fuel propulsion technology (see earlier story, has successfully completed her historic crossing of the Pacific Ocean on LPG fueled propulsion, and completed her loading at Enterprise Terminal in Houston today. BW Gemini is carrying a record load of 49,000 metric tons of LPG on a single keel. As the vessel refuel...

LPG shipping rates hit 5-year high, topping $100,000 a day It is a painful time for owners of oil tankers and dry bulk carriers. But there are also bright spots amid the ocean shipping gloom. Not only is the container sector booming, but liquefied petroleum gas (LPG) shipping rates have just hit their highest point in a half-decade. On Friday, the Baltic Exchange assessed rates for very large gas carriers [VLGCs, LPG carriers with capacity of around 84,000 cubic meters] at $104,000 per day. Tha...