Business Wire
30 May 2026, 16:03 UTC · 2h ago
Source · https://www.businesswire.com/news/home/20260530067460/en/BW-LPG-Enters-Into-Agreement-for-Eight-90%E2%80%99cbm-Panamax-Newbuildings-with-Hyundai-Heavy-Industries/
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BW LPG has signed a contract for the construction of eight 90'cbm Panamax Very Large Gas Carriers (VLGCs) for approximately US$940 million. — A near-billion dollar investment in fleet expansion signals strong long-term demand expectations and growth in operational capacity.
+0.40The new vessels are scheduled for delivery between early 2029 and the second quarter of 2030. — The distant delivery timeline minimizes immediate impact on current market supply but confirms long-term strategic planning.
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The company is expanding its fleet through a significant investment in eight new VLGCs.
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