BW LPG India to Sell 2008-Built BW Loyalty, Booking $52 Million Gain

BW LPG's 52%-owned subsidiary BW LPG India has agreed to sell the 2008-built BW Loyalty for continued trading, a disposal expected to generate a gain of approximately $52 million on a 100% basis and net cash proceeds of approximately $66 million. TradingView carried the announcement on October 20, 2026.

BW LPG is the world's largest owner and operator of Very Large Gas Carriers, with a fleet of about 50 VLGCs and LGCs, including 20 vessels powered by LPG dual-fuel propulsion technology, according to company records. BW LPG India is the company's Indian subsidiary.

BW Loyalty Sale Terms and Delivery

The vessel is scheduled for delivery to the buyer upon completion of her current time charter, and no later than December 2026. Net cash proceeds of approximately $66 million are expected after taxes and transaction costs. The sale price was in the low $80 million range.

Kristian Sørensen, CEO of BW LPG, said: "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."

BW LPG's Recent Divestitures and Fleet Renewal

According to akta.pro company records, BW LPG completed the sale of its 8.50% equity stake in Confidence Petroleum India Limited in June 2026, marking a full exit as a shareholder following the May 2025 announcement on cessation of infrastructure investments. In May 2026 the company signed a $940 million contract with Hyundai Heavy Industries for eight 90,000m³ Panamax VLGC newbuildings, with deliveries from early 2029 through Q2 2030.

Earlier BW LPG Coverage

BW LPG reported Q2 profit of $120 million and guided Q3 shipping income to $88,000 per available day, over three times its breakeven, Yahoo reported in September 2026. Argus Media reported in September 2026 that CEO Kristian Sorensen discussed how the Hormuz crisis and Panama Canal constraints are reshaping LPG trade, with US exports absorbing the Middle Eastern shortfall. Pulse 2.0 reported in September 2026 that BW LPG announced a $300 million convertible bond offering maturing in 2031, with a 2-2.5% annual coupon and a conversion premium of 35-40% over the reference price.

Delivery Timeline

The BW Loyalty is scheduled for delivery to the buyer upon completion of her current time charter, and no later than December 2026.