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BW LPG Limited reports developments tied to its LPG shipping platform, which includes a fleet of about 50 Very Large Gas Carriers and vessels using LPG dual-fuel propulsion technology. The company combines VLGC ownership and operation with an in-house LPG trading division and Product Services activities that include cargo, freight and hedging transactions.
Recurring news items include quarterly and annual financial results, segment updates for Product Services, cash dividend notices and ex-dividend dates, annual general meeting materials, share-option awards under LTIP 2022, treasury-share settlement and primary-insider share transactions. Company updates also address VLGC market conditions, fleet utilisation, time-charter-equivalent performance and governance disclosures tied to its Oslo and New York listings.
BW LPG (NYSE: BWLP) has agreed to sell the 2015-built LPG carrier BW Levant, which it acquired in the 2024 Avance Gas transaction. The sale is expected to deliver an estimated net book gain of about US$17 million and net cash proceeds of around US$38 million.
The vessel is scheduled for delivery to the buyer by mid-November, allowing BW LPG to continue earning revenue in what it describes as a strong freight market. According to BW LPG, the transaction supports its fleet renewal strategy and active asset management approach across a fleet of about 50 VLGCs.
BW LPG (NYSE: BWLP) reported a Q2 2026 gross trading result of approximately minus USD 19 million for its Product Services segment. This reflects a USD 127 million realised trading gain from cargo, freight and hedging transactions and a negative USD 146 million unrealised mark-to-market change on open positions.
After general and administrative expenses and income taxes, BW Product Services recorded an estimated net result of about minus USD 31 million. The segment’s average Value-at-Risk for the quarter was around USD 17 million, which the company links to increased market volatility. BW LPG plans to include these figures in its Q2 2026 results release on 28 August 2026, and states that its trading portfolio remains net positive due to active risk management.
BW LPG (NYSE: BWLP) announced that its 52%-owned subsidiary BW LPG India has agreed to sell the 2007-built LPG carrier BW Elm for continued trading. On a 100% basis, the transaction is expected to generate a net book gain of about US$36 million and net cash proceeds of around US$64 million.
The vessel is scheduled to be delivered to the buyer by mid-August. According to BW LPG, the sale price corresponds to a level equivalent to a newbuilding price of about US$248 million, and aligns with its strategy of divesting older ships while investing in new tonnage.
BW LPG (NYSE:BWLP) announced ex-dividend dates for its Q1 2026 cash dividend. Shares trade ex-dividend on the Oslo Stock Exchange from 11 June 2026 and on the New York Stock Exchange from 12 June 2026.
The dividend amounts are NOK 6.1960 per share in Norway and US$0.67 per share in the US.
BW LPG (NYSE:BWLP) has sold its 8.5% equity stake in Confidence Petroleum India, completing its exit as a shareholder. The move follows BW LPG’s decision to cease infrastructure investments in India. The CPIL holding was an equity investment, and all fair value changes were booked before sale, so the divestment has no impact on profit, loss, or total equity.
BW LPG (NYSE:BWLP) reported Q1 2026 NPAT of US$187 million, with profit attributable to equity holders of US$164 million and EPS of US$1.08. Annualised ROE was 38%, liquidity US$618 million, and net leverage 26.3%.
Shipping TCE was US$55,500 per available day, above guidance, with 92% utilisation. For Q2 2026, about 85% of days are fixed at ~US$81,000. Product Services delivered NPAT of US$98 million, supported by a US$137 million unrealised mark-to-market gain.
The Board declared a Q1 2026 cash dividend of US$0.67 per share, including 100% of Shipping NPAT plus US$0.11 per share from BW Product Services’ 2025 capital return. The company also signed a US$940 million contract for eight new Panamax VLGCs delivering from 2029 to Q2 2030 and secured multiple multi‑year time charters.
BW LPG (NYSE:BWLP) has approved a Q1 2026 cash dividend. The Board declared US$0.67 per share on 1 June 2026, equal to NOK 6.1960 per share for Euronext VPS-registered shares.
Record date is 12 June 2026, and payment is expected on or about 23 June 2026.
BW LPG (NYSE:BWLP) signed a contract with Hyundai Heavy Industries to build eight 90’cbm Panamax Very Large Gas Carriers for about US$940 million, subject to final technical specifications.
The newbuildings support BW LPG’s fleet renewal program, with deliveries from early 2029 through Q2 2030.
BW LPG (NYSE:BWLP) appointed Kevin James Mackay to its Board of Directors. Mackay has over 35 years of global leadership experience in the maritime and energy sectors, including senior roles at ConocoPhillips, Phillips 66, AET and as President and CEO of Teekay Tankers.
BW LPG (NYSE:BWLP) held its 2026 Annual General Meeting on 28 May 2026 in Singapore. Shareholders adopted the Directors’ Statement and audited financials, re-elected five directors, appointed Kevin Mackay as director, and re-appointed Andreas Sohmen-Pao as chairman.
They also approved executive remuneration guidelines, director and committee fees, and re-appointed KPMG LLP as auditor with directors authorised to set its pay.