Welcome to our dedicated page for Bw Lpg news (Ticker: BWLP), a resource for investors and traders seeking the latest updates and insights on Bw Lpg stock.
BW LPG Limited (NYSE: BWLP) is an LPG shipping company that describes itself as the world’s leading owner and operator of LPG vessels, with a fleet of more than 50 Very Large Gas Carriers (VLGCs). The BWLP news page on Stock Titan aggregates company announcements, market updates, and regulatory disclosures so readers can follow developments affecting this LPG-focused marine shipper.
Company news frequently covers quarterly and interim financial results, including profit figures, segment performance for the shipping and product services businesses, and commentary on freight rates and trading outcomes. BW LPG also issues dividend announcements, providing key information such as approved cash dividend amounts per share, record dates, ex-dividend dates, and payment procedures for shareholders on the Oslo Stock Exchange and the New York Stock Exchange.
Investors can also find operational updates in BW LPG’s news, such as vessel sale transactions involving its VLGC fleet and updates on BW LPG India’s activities. In addition, the company publishes information on its financial calendar, earnings presentations, and changes to dividend payment procedures, giving insight into its reporting rhythm and shareholder practices.
Because BW LPG is associated with BW Group and operates in LPG shipping and product services, its news flow can reflect developments in LPG transportation, trading performance, and capital markets activity. The BWLP news page provides a centralized view of these official communications, helping readers monitor how the company’s shipping operations, trading portfolio, and dividend decisions evolve over time.
BW LPG has taken delivery of vessel BW Chinook from Avance Gas Holdings on November 1, 2024, as part of its previously announced acquisition of 12 modern Very Large Gas Carriers (VLGCs). As part of the transaction, BW LPG issued 1,350,000 new shares to Avance Gas, bringing the total issued shares to 141,350,000 with a total share capital of USD 310,540,048. Following this issuance, Avance Gas now holds approximately 0.96% shareholding in BW LPG.
BW LPG has announced that a primary insider, Knut-Helge Knutsen, Vice President and Head of Technical, has sold shares in the company on 10 October 2024. This sale follows the accelerated vesting of options granted under 'LTIP 2022' announced on 15 July 2024 and the exercise of these options on 29 August 2024.
The details of the sale are as follows:
- Total number of shares held after option exercise: 24,840
- Number of shares sold: 24,840
- Average price sold at: NOK 166.4458 per share
- Number of shares held following the sale: 0
BW LPG is the world's leading owner and operator of LPG vessels, with a total carrying capacity of over 3 million CBM. The company is associated with BW Group, a global maritime company involved in various sectors including shipping, floating infrastructure, and sustainable technologies.
BW LPG has released an update on its Product Services segment performance for Q3 2024. BW Product Services reported an estimated gross profit of approximately USD 71 million for the quarter ended 30 September 2024. This profit primarily resulted from:
- USD 86 million in unrealised marked-to-market value of open cargo contracts and hedging transactions
- USD 16 million in realised trading gains
- Offset by USD 31 million in hedging losses on realised positions
The segment's estimated net profit was approximately USD 60 million after expenses and taxes. The average Value-At-Risk (VAR) for the quarter was about USD 5 million. BW LPG's CEO, Kristian Sørensen, noted that the high accounting profit doesn't immediately increase the company's dividend capacity due to unrealised positions.
BW LPG (OSE: BWLPG.OL, NYSE: BWLP) announced that its shares will trade ex-dividend on the Oslo Stock Exchange today and on the New York Stock Exchange from 10 September 2024. The cash dividend for Q2 2024 is USD 0.58 per share. BW LPG is the world's leading owner and operator of Very Large Gas Carriers (VLGC), with a total carrying capacity of over 3 million CBM. The company offers integrated services along the LPG value chain, including shipping, trading, and terminal infrastructure. BW LPG is associated with BW Group, a global maritime company with a fleet of over 450 vessels, including the world's largest gas fleet of 200 LNG and LPG ships.
BW LPG (NYSE: BWLP) announced that primary insiders exercised vested options and sold shares on August 29, 2024. This follows the accelerated vesting of options granted under the 'LTIP 2022' plan. The company settled the exercised options by transferring treasury shares, resulting in 7,743,557 remaining treasury shares.
Three primary insiders exercised and sold options:
- Prodyut Banerjee (VP and Head of Operations): Exercised 24,840 options at NOK 0.7457 each and sold all shares at an average price of NOK 161.1115 per share.
- Knut-Helge Knutsen (VP and Head of Technical): Exercised 24,840 options at NOK 0.7457 each.
- Iver Baatvik (VP and Head of Corporate Development): Exercised 24,840 options at NOK 0.7457 each.
BW LPG is the world's leading owner and operator of LPG vessels, with a total carrying capacity of over 3 million CBM.
BW LPG (NYSE: BWLP, OSE: BWLPG.OL) has announced key information regarding its cash dividend for Q2 2024. The Board has approved a dividend of US$0.58 on August 21, 2024. For shares registered with Euronext VPS, dividends will be distributed in NOK, with the exchange rate available on the payment day. The record date is set for September 10, 2024.
For shares on the Oslo Stock Exchange, the last trading day including dividend rights is September 6, 2024, with an ex-date of September 9, 2024. Payment is expected around September 30, 2024. For shares registered with the Depository Trust Company, the last trading day including dividend rights is September 9, 2024, with an ex-date of September 10, 2024, and payment expected around September 25, 2024.
BW LPG (NYSE: BWLP, OSE: BWLPG.OL) reported strong Q2 2024 financial results with a Net Profit After Tax of US$ 85 million and earnings per share of US$ 0.58. The company declared a cash dividend of US$ 0.58 per share, totaling US$ 76.4 million. Key highlights include:
- Daily TCE of US$ 49,660 per available day
- Announced acquisition of 12 VLGCs from Avance Gas for US$ 1,050 million
- Completed redomiciliation from Bermuda to Singapore
- US listing broadened investor access with ~230,000 daily trading volume
- Strong liquidity position with US$ 578 million available at quarter-end
The company's outlook remains positive, with ~86% of Q3 2024 fixed at an average rate of ~US$ 43,000 per available day.
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.