Bw Lpg Stock Price, News & Analysis

BW LPG (OSE: BWLPG.OL, NYSE: BWLP) has announced a conference call scheduled for 15 August 2024 to discuss an Investor Presentation following the acquisition of 12 modern VLGCs from Avance Gas. The call will be hosted by CEO Kristian Sørensen and CFO Samantha Xu.

The conference call timings are:

• Oslo, Norway: 15:00 CET
• New York, USA: 09:00 EDT
• Singapore: 21:00 SGT

Participants can register in advance via the provided Zoom link. A recording will be available on the company's website post-event. BW LPG, the world's leading owner and operator of LPG vessels, boasts a fleet capacity of over 3 million CBM and is associated with BW Group, a global maritime company with a diverse portfolio in shipping and sustainable technologies.

BW LPG (NYSE: BWLP) has agreed to acquire 12 modern Very Large Gas Carriers (VLGCs) from Avance Gas Holdings for $1.05 billion. The fleet includes four 91K CBM dual fuel VLGCs and eight 83K CBM VLGCs. The transaction will be funded through 19.282 million new BW LPG shares, $585.4 million in cash, and debt novation. This acquisition will increase BW LPG's owned and operated VLGCs from 41 to 53, solidifying its position as the world's leading VLGC owner and operator. The deal is expected to be completed by December 31, 2024, with Avance Gas becoming a 12.77% shareholder in BW LPG. The acquisition is anticipated to enhance BW LPG's commercial scale, operational leverage, and dividend potential in a strong market.

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.