BW LPG unit to sell BW Loyalty; ~$66M net expected

Delivery is scheduled after the vessel’s current time charter and no later than December 2026.

Rhea-AI Filing Summary

BW LPG Limited said its 52%-owned subsidiary, LPG India, entered into an agreement to sell the 2008-built BW Loyalty for continued trading. The sale is expected to generate an approximately US$52 million gain on disposal on a 100% basis and approximately US$66 million in net cash proceeds after taxes and transaction costs. Delivery to the buyer is scheduled upon completion of the vessel’s current time charter and no later than December 2026. CEO Kristian Sørensen described the sale price as in the low US$80 million.

Key Figures

Expected gain on disposal: Approximately US$52 million Expected net cash proceeds: Approximately US$66 million Sale price described by CEO Kristian Sørensen: In the low US$80 million +3 more

6 metrics

Expected gain on disposal Approximately US$52 million On a 100% basis

Expected net cash proceeds Approximately US$66 million After taxes and transaction costs

Sale price described by CEO Kristian Sørensen In the low US$80 million BW Loyalty sale

LPG India ownership 52% BW LPG subsidiary

Vessel build year 2008 BW Loyalty

Delivery deadline No later than December 2026 After completion of the current time charter

Key Terms

gain on disposal, Net cash proceeds, time charter, LPG dual-fuel propulsion technology

4 terms

gain on disposal financial

"gain on disposal of approximately US$52 million"

Net cash proceeds financial

"Net cash proceeds are expected to be approximately US$66 million"

The actual cash a company receives from a financing or sale after subtracting direct transaction costs such as bank and legal fees, commissions, taxes and other closing expenses. Think of it like selling a house and keeping what’s left after paying the realtor and closing costs — it’s the money that truly lands in the company’s account. Investors watch net cash proceeds because they determine how much cash is available for growth, paying down debt, dividends or share buybacks and therefore affect financial strength and valuation.

time charter technical

"completion of her current time charter"

A time charter is an agreement where a ship owner rents out their vessel to a customer for a set period, during which the customer has control over the ship’s use and operation. This arrangement matters to investors because it provides a steady income stream for the ship owner and indicates ongoing demand for shipping services, reflecting the health of global trade and transportation markets.

LPG dual-fuel propulsion technology technical

"20 vessels powered by LPG dual-fuel propulsion technology"

A system that lets an internal combustion engine run on a mix of liquefied petroleum gas (LPG) and a conventional fuel (usually diesel or gasoline), either by switching between fuels or burning them together. Think of it as a two-fuel setup like a hybrid stove that can use gas or electricity: it gives operators flexibility on fuel choice, can change operating costs and emissions, and affects maintenance and refueling logistics—factors investors watch for cost, regulatory, and operational impacts.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much gain and net cash proceeds does BWLP expect from the BW Loyalty sale?

BW LPG expects an approximately US$52 million gain on disposal on a 100% basis. Net cash proceeds are expected to be approximately US$66 million after taxes and transaction costs.

When will BWLP deliver the BW Loyalty to its buyer?

Delivery to the buyer is scheduled upon completion of the vessel’s current time charter and no later than December 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

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Available on EDGAR 10/20/2026 - 04:05 PM EDT Accepted by SEC EDGAR 10/20/2026 - 04:05 PM EDT Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of October, 2026.

Commission File Number: 001-42008

BW LPG Limited

(Translation of registrant’s name into English)

c/o BW LPG Holding Pte Ltd

10 Pasir Panjang Road,

#17-02 Mapletree Business City, Singapore

117438

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒        Form 40-F ☐

DOCUMENTS TO BE FURNISHED AS PART OF THIS FORM 6-K

Exhibit Number		Exhibit Description
99.1		Press release of BW LPG Limited dated October 20, 2026 – BW LPG Limited announces sale of BW Loyalty

1

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	BW LPG Limited
	By:	/s/ Samantha Xu
	Name:	Samantha Xu
	Title:	Chief Financial Officer

Date: October 20, 2026

2

Exhibit 99.1

BW LPG Limited announces sale of BW Loyalty

Singapore, 20 October 2026

BW LPG Limited (“BW LPG” or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code: “BWLP”) is pleased to announce that its 52%-owned subsidiary, BW LPG India, has entered into an agreement to sell the 2008-built BW Loyalty for continued trading.

On a 100% basis, the sale of BW Loyalty is expected to generate a gain on disposal of approximately US$52 million. Net cash proceeds are expected to be approximately US$66 million, after taxes and transaction costs. The vessel is scheduled for delivery to the buyer upon completion of her current time charter, and no later than December 2026.

Kristian Sørensen, CEO of BW LPG, says: “Selling the BW Loyalty at a price in the low US$80 million demonstrates the strength of the second-hand market and our ability to realise value from our fleet. The transaction crystallises significant value from a 18-year-old asset while further strengthening BW LPG India’s financial position.”

For further information, please contact:

Kristian Sørensen, CEO
Samantha Xu, CFO
investor.relations@bwlpg.com

About BW LPG

BW LPG is the world’s leading owner and operator of LPG vessels, with a fleet of about 50 Very Large Gas Carriers (VLGCs) and Large Gas Carriers (LGCs), including 20 vessels powered by LPG dual-fuel propulsion technology. Building on over five decades of LPG shipping experience, the company is strengthened by an in-house LPG trading division and the commercial expertise to explore investments in value chain assets. Together, these capabilities enable BW LPG to provide trusted and reliable services for sourcing and delivering LPG to customers worldwide. Delivering energy for a better world – more information about BW LPG can be found at www.bwlpg.com.

BW LPG is associated with BW Group, a leading global energy and maritime company involved in shipping, deepwater oil & gas production, renewable energy and digital infrastructure. BW controls a fleet of over 400 vessels transporting oil, gas and dry commodities. In the infrastructure space, the group operates in wind, batteries, water, subsea cable networks and data centres. www.bw-group.com

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 PRESS RELEASE OF BW LPG LIMITED DATED OCTOBER 20, 2026 - BW LPG LIMITED ANNOUNCE 4.3 KB