Bw lpg limited announces sale of bw lord

Singapore--(business wire)--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 lord for continued trading. on a 100% basis, the sale of bw lord is expected to generate a net book gain of approximately us$25 million and net cash proceeds of around us$61 million. the vessel is scheduled for delivery to the buyer before the end o.
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