BW LPG takes delivery of vessels BW Mistral and BW Polaris from Avance Gas
With reference to the stock exchange announcement on 15 August 2024 for the acquisition of 12 modern Very Large Gas Carriers (VLGCs) from Avance Gas Holdings Ltd, BW LPG Limited has taken delivery of vessels BW Mistral and BW Polaris on 10 December 2024. Nine of the 12 VLGCs are now delivered.
BW LPG has today issued 3,450,000 new BW LPG shares to Avance Gas as part-consideration for the above vessels. Following the issuance of the new shares, the total number of issued shares of BW LPG is 154,441,000, representing a total share capital in the amount of USD 536,359,798. The new shares have been legally and validly issued and are fully paid.
Following the above issuance, Avance Gas holds 14,441,000 shares in BW LPG, representing approximately 9.35% shareholding.
Source: BUSINESS WIRE
Related News.
Cyprus Marine Club Welcomes a Full House for Aphentrica’s War Risks Presentation
The Cyprus Marine Club marked its return after the summer break with a full house at Gazebo Mare on Tuesday, 22 September, bringing together members,…
IMO seeks feedback on Maritime Single Window implementation
The International Maritime Organization (IMO) has launched a global survey to assess the implementation and use of Maritime Single Windows (MSWs),…
World Maritime Day industry panel to examine the gap between maritime policy and the reality of life at sea
OneCare Group will bring together crewing, safety, insurance and wellbeing specialists for a World Maritime Day webinar examining how shipping can…
IUMI President – Marine insurers are war insurers
Marine insurers are at the heart of managing war risks to global shipping and must continue to develop the tools needed to support and facilitate…
Seafarer welfare is improving amongst leading companies, but five years of evidence shows this progress is far from the norm
Five years on, the Seafarers’ Rights Code of Conduct is driving more than 1,000 companies to participate in RightShip’s Crew Welfare…
The UK ETS arrives for shipping what it means for charterers
Introduction The UK Emissions Trading Scheme (UK ETS) was extended to domestic maritime activity on 1 July 2026, following the EU ETS, FuelEU…
ABP Southampton invests locally with Marine Cranes to boost capability
Associated British Ports , the UK’s largest port operator, has invested a new marine deck crane aboard Spartina, one of the Port of Southampton’s…
BIMCO Shipping Number of the Week
Caribbean Basin crude oil and heavy product exports jump 45% “Seaborne exports of crude oil and heavy products from the Caribbean Basin have…
xclusiv S&P Report 21th September 2026
Pls find below the [xclusiv] S&P Report 21th September 2026 [xclusiv] 2026_09_21
Marine insurance supply remains stable as geopolitical and technical changes reshape the market, says IUMI President
The global marine insurance market remains in a stable position, with premium growth strongly supported by a weak USD in hull and cargo. Meanwhile…
Subscribe to our newsletter!
if you dont want to swim alone in the ocean of news, sign up for the newsletter, and you will receive daily all the important news of world shipping!
