BW LPG said that it has taken delivery of BW Leo, the fourth Very Large Gas Carrier in its newbuilding programme of eight VLGCs from HHI.
In addition, BW LPG has recently acquired a four VLGC newbuilding programme from DSME, the company informed in a statement.
The BW Leo is financed by a combination of free cash and the USD 400 million loan facility from KEXIM, DNB and SEB, as lending banks. The BW Leo joins the fleet held available to serve voyage charter opportunities and meet CoA commitments.
Including the BW Leo, the company now owns and operates a fleet of 38 vessels, comprising 24 owned VLGCs, nine chartered-in VLGCs and five owned LGCs.
Image: BW LPG