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 , 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).
BW LPG (NYSE: BWLP) reported a strong Q1 2024 performance. Key highlights include a daily TCE of $61,500, a net profit after tax (NPAT) of $150 million, and earnings per share of $1.07. The company declared a $1.00 per share dividend, representing a 93% payout ratio. BW LPG generated $468.5 million in free cash flow and achieved an operating profit of $157.8 million, with a net leverage ratio at an all-time low of 7% and liquidity of $661 million.
Notable commercial achievements include signing a multi-year cargo contract with Enterprise Product Partners and selling a VLGC for $65 million. BW LPG also successfully listed on the New York Stock Exchange and plans to redomicile from Bermuda to Singapore.
The market outlook shows fluctuating VLGC spot rates due to seasonal demand and supply dynamics, with a recovery expected through the remainder of 2024. The global VLGC fleet has increased to 394 vessels, with new additions expected in the coming years.
BW LPG announced changes to the dial-in details for its Q1 2024 Financial Results Presentation. The presentation will be held live via Zoom on May 30, 2024. The times are 13:00 CET in Oslo, 07:00 EDT in New York, and 19:00 SGT in Singapore. Participants need to register in advance through the provided link, and a confirmation email with Zoom meeting details will follow. A recording will be available on the company's website after the event.
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