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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 (OSE: BWLPG.OL, NYSE: BWLP) will release its Q2 2024 Financial Report on 22 August 2024 at approximately 0700hrs CET. The company will hold an Earnings Presentation with CEO Kristian Sørensen and CFO Samantha Xu via Zoom at 14:00 CET (08:00 EDT, 20:00 SGT). Interested parties can register in advance at the provided link. A recording will be available on the company's website after the event.
BW LPG is the world's leading owner and operator of LPG vessels, with a fleet capacity of over 3 million CBM. The company is associated with BW Group, a global maritime company with a diverse fleet of over 450 vessels, including the world's largest gas fleet of 200 LNG and LPG ships.
BW LPG has provided an update on its Product Services segment performance for Q2 2024. BW Product Services reported an estimated gross profit of approximately USD 26 million for the quarter ended 30 June 2024. After expenses and taxes, the estimated net profit was approximately USD 16 million. During Q2 2024, a USD 30 million share capital reduction was finalised, resulting in a book equity of approximately USD 68 million at the end of the quarter. The average Value-At-Risk (VAR) for the quarter was approximately USD 5 million. BW LPG will release its full Q2 2024 financial report on 22 August 2024.
BW LPG , the world's leading owner and operator of LPG vessels, has announced an accelerated vesting of its LTIP 2022 share options. The Board of Directors has decided to advance the vesting date for 503,889 outstanding options from March 1, 2025, to August 23, 2024. This decision comes as the dividend-adjusted strike price has fallen below NOK 1.
The LTIP 2022 was established for senior management and key employees, with the first tranche of share options granted on March 1, 2022. The settlement of these options will be executed through the delivery of the company's treasury shares. BW LPG, associated with BW Group, operates a fleet of Very Large Gas Carriers (VLGC) with a total carrying capacity of over 3 million CBM.
BW LPG (OSE: BWLPG.OL, NYSE: BWLP) has successfully completed its redomiciliation from Bermuda to Singapore. This transition entails changes in the ISIN and CUSIP codes for the company's shares. The new ISIN code is SGXZ69436764, effective from 5 July 2024, replacing the previous BMG173841013. Similarly, the new CUSIP code is Y10230103, also effective from 5 July 2024, replacing the previous G17384101. BW LPG is a leading owner and operator of LPG vessels, with a fleet that includes Very Large Gas Carriers (VLGC) and a total carrying capacity exceeding 3 million CBM. The company also has a strong presence in LPG terminal infrastructure and distribution.
BW LPG has successfully completed its redomiciliation from Bermuda to Singapore. This follows the Supreme Court of Bermuda's sanctioning the scheme of arrangement between the company and its shareholders. All conditions for the scheme have been satisfied, and the company's incorporation in Singapore is effective as of today. The company is now registered in Singapore under the number 202426186Z. BW LPG has applied for a new ISIN and CUSIP code and will announce these details soon. BW LPG is a leading owner and operator of LPG vessels, with a total carrying capacity of over 3 million CBM and extensive experience in LPG shipping and infrastructure.
On June 20, 2024, BW LPG received court approval to redomicile from Bermuda to Singapore. The Supreme Court of Bermuda sanctioned the Scheme of Arrangement, initiating the company's transition. The redomiciliation is expected to be effective around July 1, 2024, subject to additional approvals and filings. Post-redomiciliation, BW LPG will adopt new ISIN and CUSIP codes for its shares trading on the Oslo Stock Exchange and the New York Stock Exchange, anticipated to start around July 5, 2024. BW LPG will continue trading under its current tickers
On 12 June 2024, BW LPG held a shareholder meeting to vote on a scheme to redomicile from Bermuda to Singapore. The scheme was approved and awaits final sanctioning by the Bermuda Supreme Court on 20 June 2024. If sanctioned, the redomiciliation will take effect around 1 July 2024, subject to further approvals by the Singapore authorities. BW LPG is a major player in the LPG shipping industry, owning and operating a fleet of Very Large Gas Carriers (VLGC) with over 3 million CBM carrying capacity. The company is part of BW Group, a global maritime leader with a diverse portfolio, including shipping and sustainable technologies.
BW LPG held its 2024 Annual General Meeting on 12 June 2024. Key resolutions included setting the number of Directors to a maximum of eight, re-electing six Directors, and re-appointing Andreas Sohmen-Pao as Chairman. The meeting also approved annual fees for Directors, re-appointed KPMG LLP as Auditors, and authorized the Board to determine their remuneration. Additionally, Directors were given the authority to purchase and issue shares as stated in the meeting agenda. BW LPG, a leading LPG vessel operator, offers integrated services along the LPG value chain.
BW LPG announced that its shares will trade ex-dividend on the Oslo Stock Exchange from today and on the New York Stock Exchange from June 10, 2024. The cash dividend for Q1 2024 is set at USD 1.00 per share. BW LPG is a leading owner and operator of LPG vessels, managing Very Large Gas Carriers (VLGC) with a total capacity of over 3 million CBM. The company, with five decades of experience, also has a growing presence in LPG terminal infrastructure and distribution. BW LPG is part of BW Group, a global maritime company with a focus on shipping, floating infrastructure, oil & gas production, and sustainable technologies.
BW LPG has announced a cash dividend of USD 1.00 per share for Q1 2024. Key dates include approval on May 29, 2024, and record date on June 10, 2024, for shares registered with Euronext VPS. The ex-date for Oslo Stock Exchange is June 7, 2024, with payment on or about June 28, 2024. For shares registered with Depository Trust Company, the ex-date is June 10, 2024, with payment on or about June 25, 2024. BW LPG, the world's leading owner and operator of LPG vessels, aims to provide integrated, reliable services with its fleet of Very Large Gas Carriers (VLGC).