BW LPG takes delivery of another VLGC

BW LPG said that it has taken delivery of BW Gemini, the third very large gas carrier in its newbuilding program of eight VLGCs.

The BW Gemini is part financed by the USD 400 million loan facility agreement signed in February with KEXIM, DNB and SEB, as lending banks, the company said in a statement.

BW LPG’s CCO, Andrew Hoare commented on the delivery, “BW Gemini, the third newbuilding in this series of VLGCs is delivered to us from HHI on schedule. At 84,000 cubic meters, the vessel is optimised for loading out of the US terminals.”

Including the BW Gemini, the company now owns and operates a fleet of 38 vessels on the water, comprising 22 owned VLGCs, 11 chartered-in VLGCs and five owned LGCs. BW LPG has 5 further newbuildings delivering through 2015 and 2016.

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Image: BW LPG