BW LPG Limited announces sale of BW Mistral

Summary by AI BETAClose X

BW LPG announced the agreed sale of the 2015-built BW Mistral (acquired in 2024) that will generate net cash proceeds of approximately US$104 million and an estimated net book gain of about US$37 million, with delivery to the buyer scheduled no later than mid-January 2027; the vessel will continue earning spot-market revenue through delivery in a strong freight market. The sale above US$100 million crystallises value from the second‑hand market and is expected to strengthen cash liquidity and earnings, supporting the company's asset-management strategy and potential shareholder returns.

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Bw Lpg Ltd (0QIX)
UK 100

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