BW LPG (BWLPG) 🚢

Andyboi · november 29, 2021, 10:49am

Handlet rundt 45 kr idag, ratene går oppover, men kursen nedover, ikke lett å skjønne seg på

TMV · november 29, 2021, 11:47am

Ser billig ut, men selges nedover fortsatt. Får se om noen større aktører griper fatt i denne snart…

Andyboi · november 29, 2021, 11:52am

Ja, og denne er vel en favoritt blant shortere også?

TMV · november 29, 2021, 12:18pm

Bw LpgTotal value change: -19.65 million NOK

#	From	To	StartPrice	EndPrice	Short-%	#stocks	Change
1.	2021-11-19	2021-11-26 (ongoing)	47.160	49.020	0.61%	867,494	-1.614 M
2.	2021-11-17	2021-11-18	47.000	47.160	0.5%	715,056	-0.114 M
3.	2020-09-01	2020-09-02	40.760	38.200	0.58%	831,953	2.130 M
4.	2020-08-27	2020-08-31	40.160	40.760	0.69%	989,124	-0.593 M

Yep short er inne i den rett som det er, men vet ikke om det går så bra Kommer vel ann på om de tar inndekning på 44 elns…

Andyboi · november 29, 2021, 5:43pm

TekBot · desember 1, 2021, 9:17am

Financial calendar

TekBot · desember 8, 2021, 7:09am

Sale of four VLGCs to BW LPG India and in advanced discussions with an investor to acquire a minority stake in BW LPG India

(Singapore, 8 December 2021)

BW LPG Limited (“BW LPG”, the “Company”, OSE Ticker Code “BWLPG.OL”) today announces that its subsidiary BW LPG India has purchased four Very Large Gas Carriers (VLGCs) from the parent company BW LPG Limited. This brings the total fleet of BW LPG India to eight VLGCs. The last vessel is expected to be delivered in Q2 2022. Headquartered in Chennai, BW LPG India is the largest owner and operator of India-flagged VLGCs.
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The Company is also in advanced discussions with an investor for the acquisition of a minority stake in BW LPG India for a cash consideration of approximately USD 50 million based on second-hand broker valuations of the fleet. Following this transaction, the Company will continue to be the majority shareholder of BW LPG India.

No assurance can be given on whether the discussions will result in a transaction. BW LPG will provide an update on the potential transaction as and when appropriate.

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Corporate Development and Investor Relations
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com

About BW LPG

BW LPG is the world’s leading owner and operator of LPG vessels, owning and operating Very Large Gas Carriers (VLGC) with a total carrying capacity of over 3 million CBM. With five decades of operating experience in LPG shipping and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at www.bwlpg.com.

BW LPG is associated with BW Group, a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies. BW Group controls a fleet of over 420 ships transporting crude oil, oil products, and dry commodities, and comprises one of the largest gas fleets in the world with over 190 LNG and LPG vessels.

This information is considered to include inside information pursuant to the EU Market Abuse Regulation article 7 and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Elaine Ong, Chief Financial Officer at BW LPG, at the date and time as set out above.

Kilde

TekBot · desember 8, 2021, 7:11am

BW LPG Sells Two Vessels and Initiates Share Buy-Back Programme

(Singapore, 8 December 2021)

BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code “BWLPG.OL”) announces today the sale of two Very Large Gas Carriers (VLGCs), BW Sakura and BW Niigata, and that the Board of Directors of BW LPG has also resolved to initiate a share buy-back programme.
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BW Sakura and BW Niigata were built in 2010 in Japan and have a carrying capacity of 78,900 CBM each. They will be delivered to their new owners for further trading in Q1 2022. The sale is expected to generate approximately USD 71.9 million in net liquidity and a net book gain of approximately USD 13.7 million. With these sales, BW LPG owns and operates a fleet of 40 VLGCs.

On the sale of these vessels, Anders Onarheim, CEO of BW LPG says, “These sales of BW Sakura and BW Niigata are aligned with our strategy of being a returns-focused company seeking to maximize returns for our shareholders, and to position BW LPG to take advantage of opportunities for growth from a global energy transition towards a zero-carbon future”.

In addition, the Board of Directors of BW LPG has resolved to initiate a share buy-back programme, under which BW LPG will purchase up to 10 million common shares for a maximum amount of USD 50 million, to be held as treasury shares.

The shares will be purchased from the open market at prevailing prices on the Oslo Stock Exchange. The share buy-back programme will commence today and is expected to continue until the second quarter of 2022.

On the share buy-back programme, Anders Onarheim adds, “Our corporate actions reflect our ability to react to market opportunities – we are selling assets at a profit to our book values, and investing in the Company by buying shares which are trading at a significant discount to our shareholders’ equity value”.

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Corporate Development and Investor Relations
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com

About BW LPG

BW LPG is the world’s leading owner and operator of LPG vessels, owning and operating Very Large Gas Carriers (VLGC) with a total carrying capacity of over 3 million CBM. With five decades of operating experience in LPG shipping and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at www.bwlpg.com.

BW LPG is associated with BW Group, a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies. BW Group controls a fleet of over 420 ships transporting crude oil, oil products, and dry commodities, and comprises one of the largest gas fleets in the world with over 190 LNG and LPG vessels.

This information is considered to include inside information pursuant to the EU Market Abuse Regulation article 7 and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Elaine Ong, Chief Financial Officer at BW LPG, at the date and time as set out above.

Kilde

TMV · desember 8, 2021, 3:02pm

Fin tur oppover i dag etter meldinger i allefall. Overfører 4 skip til datterselskap, selger 2 og drar i gang tilbakekjøp. Får håpe at dette kan være kursdrivende.

TekBot · desember 16, 2021, 6:03am

BW LPG: Repurchase of own shares

(Singapore, 16 December 2021)

BW LPG Limited (“BW LPG”, the “Company”, OSE Ticker Code “BWLPG.OL”) has purchased a total of 848,000 of its own common shares from 8 December 2021 to 15 December 2021 at an average price of NOK 47.1381 per share. The shares were purchased in accordance with the share buy-back programme announced on 8 December 2021 (BW LPG Sells Two Vessels, Initiates Share Buy-Back Programme).
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After these transactions, BW LPG holds 4,477,345 of its common shares, representing 3.15% of the number of issued shares. The shares purchased will be held as Treasury Stock.

A detailed overview of all transactions made under the buy-back programme that have been carried out during the above-mentioned time period is attached to this report.

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Corporate Development and Investor Relations
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com

About BW LPG

BW LPG is the world’s leading owner and operator of LPG vessels, owning and operating Very Large Gas Carriers (VLGC) with a total carrying capacity of over 3 million CBM. With five decades of operating experience in LPG shipping and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at www.bwlpg.com.

BW LPG is associated with BW Group, a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies. BW Group controls a fleet of over 420 ships transporting crude oil, oil products, and dry commodities, and comprises one of the largest gas fleets in the world with over 190 LNG and LPG vessels.

This is information is subject to the disclosure requirements under the EU Market Abuse Regulation, Commission Regulation 2016/1052 and Section 5-12 of the Norwegian Securities Trading Act.

Kilde

TekBot · desember 22, 2021, 8:03am

Maas Capital Enters Into Agreement To Acquire Minority Stake In BW LPG India

(Singapore, 22 December 2021)

With reference to a press release dated 8 December 2021, BW LPG Limited (“BW LPG”, The “Company”, OSE Ticker Code “BWLPG.OL”) today announces that Maas Capital Shipping B.V. (Maas Capital) has entered into an agreement to acquire a minority stake in BW LPG India, a subsidiary of the Company. Following this transaction, BW LPG will own approximately 67% in BW LPG India.
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BW LPG India is the largest owner and operator of India-flagged Very Large Gas Carriers (VLGCs). The fleet comprises eight modern VLGCs which are maintained to world-class standards. The fleet is technically managed by Synergy Group, and commercially and operationally managed by Synergy Group and BW LPG. This arrangement allows BW LPG India to tap on the international expertise of the Company, while remaining committed to investing locally in India.

Anders Onarheim, CEO of BW LPG says, “On behalf of the team, we warmly welcome Maas Capital onboard BW LPG India. We see tremendous potential in the country, and we look forward to seizing opportunities with Maas Capital alongside. This partnership will also allow us to look beyond traditional LPG shipping, and into LPG infrastructure opportunities where we see significant upsides as a first mover”.

Mark Ras, Head of Maas Capital says, “We are pleased to partner BW LPG in the fast-growing Indian market for the LPG segment. We are ready to support BW LPG India’s ambitious growth strategy, and we see this as a continuation of our aim to invest in quality companies for our maritime portfolio”.

Maas Capital is one of the world’s leading institutional shipping equity investors. Its portfolio includes controlling and non-controlling stakes in shipping, intermodal and offshore services related assets.

DNB Markets and Pareto Securities are acting as financial advisors to BW LPG and Watson Farley & Williams is acting as legal advisor to Maas Capital on this transaction.

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Corporate Development and Investor Relations
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com

About BW LPG

BW LPG is the world’s leading owner and operator of LPG vessels, owning and operating Very Large Gas Carriers (VLGC) with a total carrying capacity of over 3 million CBM. With five decades of operating experience in LPG shipping and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at www.bwlpg.com.

BW LPG is associated with BW Group, a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies. BW Group controls a fleet of over 420 ships transporting crude oil, oil products, and dry commodities, and comprises one of the largest gas fleets in the world with over 190 LNG and LPG vessels.

This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

Kilde

TekBot · desember 24, 2021, 8:01am

BW LPG: Repurchase of own shares

(Singapore, 24 December 2021)

BW LPG Limited (“BW LPG”, the “Company”, OSE Ticker Code “BWLPG.OL”) has purchased a total of 286,419 of its own common shares from 16 December 2021 to 22 December 2021 at an average price of NOK 48.8512 per share. The shares were purchased in accordance with the share buy-back programme announced on 8 December 2021 (BW LPG Sells Two Vessels, Initiates Share Buy-Back Programme).
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After these transactions, BW LPG holds 4,763,764 of its common shares, representing 3.36% of the number of issued shares. The shares purchased will be held as Treasury Stock.

A detailed overview of all transactions made under the buy-back programme that have been carried out during the above-mentioned time period is attached to this report.

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Corporate Development and Investor Relations
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com

About BW LPG

BW LPG is the world’s leading owner and operator of LPG vessels, owning and operating Very Large Gas Carriers (VLGC) with a total carrying capacity of over 3 million CBM. With five decades of operating experience in LPG shipping and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at www.bwlpg.com.

BW LPG is associated with BW Group, a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies. BW Group controls a fleet of over 420 ships transporting crude oil, oil products, and dry commodities, and comprises one of the largest gas fleets in the world with over 190 LNG and LPG vessels.

This is information is subject to the disclosure requirements under the EU Market Abuse Regulation, Commission Regulation 2016/1052 and Section 5-12 of the Norwegian Securities Trading Act.

Kilde

TekBot · januar 5, 2022, 4:59pm

BW LPG: Repurchase of own shares

(Singapore, 5 January 2022)

BW LPG Limited (“BW LPG”, the “Company”, OSE Ticker Code “BWLPG.OL”) has purchased a total of 534,716 of its own common shares from 27 December 2021 to 5 January 2022 at an average price of NOK 49.6438 per share. The shares were purchased in accordance with the share buy-back programme announced on 8 December 2021 (BW LPG Sells Two Vessels, Initiates Share Buy-Back Programme).
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After these transactions, BW LPG holds 5,298,480 of its common shares, representing 3.73% of the number of issued shares. The shares purchased will be held as Treasury Stock.

A detailed overview of all transactions made under the buy-back programme that have been carried out during the above-mentioned time period is attached to this report.

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Corporate Development and Investor Relations
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com

About BW LPG

BW LPG is the world’s leading owner and operator of LPG vessels, owning and operating Very Large Gas Carriers (VLGC) with a total carrying capacity of over 3 million CBM. With five decades of operating experience in LPG shipping and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at www.bwlpg.com.

BW LPG is associated with BW Group, a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies. BW Group controls a fleet of over 420 ships transporting crude oil, oil products, and dry commodities, and comprises one of the largest gas fleets in the world with over 190 LNG and LPG vessels.

This is information is subject to the disclosure requirements under the EU Market Abuse Regulation, Commission Regulation 2016/1052 and Section 5-12 of the Norwegian Securities Trading Act.

Kilde

TekBot · januar 14, 2022, 4:13pm

BW LPG: Repurchase of own shares

(Singapore, 14 January 2022)

BW LPG Limited (“BW LPG”, the “Company”, OSE Ticker Code “BWLPG.OL”) has purchased a total of 366,921 of its own common shares from 6 January 2022 to 14 January 2022 at an average price of NOK 49.4912 per share. The shares were purchased in accordance with the share buy-back programme announced on 8 December 2021 (BW LPG Sells Two Vessels, Initiates Share Buy-Back Programme).
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After these transactions, BW LPG holds 5,665,401 of its common shares, representing 3.99% of the number of issued shares. The shares purchased will be held as Treasury Stock.

A detailed overview of all transactions made under the buy-back programme that have been carried out during the above-mentioned time period is attached to this report.

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Corporate Development and Investor Relations
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com

About BW LPG

BW LPG is the world’s leading owner and operator of LPG vessels, owning and operating Very Large Gas Carriers (VLGC) with a total carrying capacity of over 3 million CBM. With five decades of operating experience in LPG shipping and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at www.bwlpg.com.

BW LPG is associated with BW Group, a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies. BW Group controls a fleet of over 420 ships transporting crude oil, oil products, and dry commodities, and comprises one of the largest gas fleets in the world with over 190 LNG and LPG vessels.

This is information is subject to the disclosure requirements under the EU Market Abuse Regulation, Commission Regulation 2016/1052 and Section 5-12 of the Norwegian Securities Trading Act.

Kilde

TekBot · januar 25, 2022, 4:11pm

BW LPG: Repurchase of own shares

(Singapore, 25 January 2022)

BW LPG Limited (“BW LPG”, the “Company”, OSE Ticker Code “BWLPG.OL”) has purchased a total of 802,879 of its own common shares from 17 January 2022 to 25 January 2022 at an average price of NOK 47.2348 per share. The shares were purchased in accordance with the share buy-back programme announced on 8 December 2021 (BW LPG Sells Two Vessels, Initiates Share Buy-Back Programme).
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After these transactions, BW LPG holds 6,468,280 of its common shares, representing 4.56% of the number of issued shares. The shares purchased will be held as Treasury Stock.

A detailed overview of all transactions made under the buy-back programme that have been carried out during the above-mentioned time period is attached to this report.

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Corporate Development and Investor Relations
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com

About BW LPG

BW LPG is the world’s leading owner and operator of LPG vessels, owning and operating Very Large Gas Carriers (VLGC) with a total carrying capacity of over 3 million CBM. With five decades of operating experience in LPG shipping and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at www.bwlpg.com.

BW LPG is associated with BW Group, a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies. BW Group controls a fleet of over 420 ships transporting crude oil, oil products, and dry commodities, and comprises one of the largest gas fleets in the world with over 190 LNG and LPG vessels.

This is information is subject to the disclosure requirements under the EU Market Abuse Regulation, Commission Regulation 2016/1052 and Section 5-12 of the Norwegian Securities Trading Act.

Kilde

TekBot · februar 15, 2022, 5:25am

BW LPG’S Q4 and FY 2021 Financial Report Release and Earnings Presentation on 1 March 2022

(Singapore, 15 February 2022)

BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG.OL”) will release its Fourth Quarter and Full Year 2021 Financial Report and Earnings Presentation at approximately 0700hrs CET on 1 March 2022.
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In connection with this release, BW LPG will hold a Financial Results Presentation with Anders Onarheim (CEO), Elaine Ong (CFO), Niels Rigault (EVP, Commercial) and Pontus Berg (EVP, Technical and Operations). The details are as follows:

Date: Tuesday, 1 March 2022

Location Local Time Universal Time
Oslo, Norway 13:00 CET UTC + 1 hours
New York, USA 07:00 EST UTC - 5 hours
Singapore 20:00 SGT UTC + 8 hours

The Financial Results Presentation will be held live via Zoom. Please register in advance at the link below:

https://bit.ly/BWLPGQ42021EP

A confirmation email will be sent, with information on how to join the Zoom meeting. A recording of the presentation will also be available after the event on the Company’s website at: https://www.bwlpg.com/investors.

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Corporate Development and Investor Relations
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com

About BW LPG

BW LPG is the world’s leading owner and operator of LPG vessels, owning and operating Very Large Gas Carriers (VLGC) with a total carrying capacity of over 3 million CBM. With five decades of operating experience in LPG shipping and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at www.bwlpg.com.

BW LPG is associated with BW Group, a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies. Founded in 1955 by Sir YK Pao, BW controls a fleet of over 490 vessels transporting oil, gas and dry commodities, with its 200 LNG and LPG ships constituting the largest gas fleet in the world. In the renewables space, the group has investments in solar, wind, batteries, biofuels and water treatment.

This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

Kilde

TekBot · mars 1, 2022, 7:38am

BW LPG’s Financial Results for Q4 and FY 2021

(Singapore, 1 March 2022)

Highlights
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Generated Q4 2021 net profit after tax of USD 62.9 million. Declared a Q4 2021 cash dividend of USD 0.18 per share.

Achieved Q4 2021 VLGC freight rates of USD 31,000 per calendar day, or USD 32,400 per available day with 97% commercial utilisation.

Maas Capital became a minority shareholder in BW LPG India, a subsidiary of BW LPG.

Upsized the existing USD 221 million facility with a USD 40 million sustainability-linked loan.

Initiated a USD 50 million share buy-back programme, with approximately 1.4 million shares purchased.

Concluded the sale and delivery of BW Sakura.

Invested approximately USD 92 million on fleet upgrades and digitalisation in 2021. Through smart operations, realised approximately USD 10 million in savings over the year.

Financial Performance

BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG.OL”) reported a Q4 2021 net profit after tax of USD 62.9 million (FY2021: USD 186.4 million) or an earnings per share of USD 0.45 (FY 2021: USD 1.33), yielding an annualised return on equity of 14% with USD 330 million of free cash flow. The Company’s available liquidity of USD 453 million is its highest since 2013; and a net leverage ratio of 35% is its lowest in seven years.

The Board has declared a Q4 2021 cash dividend of USD 0.18 per share amounting to USD 25 million. This brings total dividends declared for FY 2021 to USD 0.56 per share, amounting to USD 77.1 million, and translates to a payout ratio as a percentage of NPAT of 82% for the quarter and 51% for FY2021, excluding vessel impairment write-back. The shares will be traded ex-dividend on and from 4 March 2022. The dividend will be payable on 18 March 2022 to shareholders on record as of 7 March 2022.

Q4 2021 VLGC freight rates were USD 31,000 per calendar day, or USD 32,400 per available day with 97% commercial utilisation. Time Charter Equivalent (“TCE”) income decreased to USD 116.7 million for Q4 2021 (FY2021: USD 465.6 million), mainly due to a decrease in LPG spot rates and lower fleet utilisation; the latter due to two VLGCs undergoing retrofitting with LPG dual-fuel propulsion engines during the quarter.

In December 2021, Maas Capital signed an agreement to purchase a minority share in BW LPG India, a subsidiary of BW LPG. In January 2022, Maas Capital subscribed for USD 50 million of new shares in the subsidiary and following this transaction, BW LPG owns approximately 67% in BW LPG India.

BW LPG upsized the existing USD 221 million facility with a USD 40 million sustainability-linked loan (SLL). Simultaneously, USD 70 million of this term loan was converted to a revolving credit facility. BW LPG’s first SLL demonstrates the Company’s commitment to decarbonising shipping, and its continued access to competitive financing.

BW LPG initiated a USD 50 million share buy-back programme in December 2021. As at 31 December 2021, approximately 1.4 million shares (14.6%) were purchased at an average price of USD 5.33. This program allows BW LPG to return value to shareholders and invest in the Company by buying shares which are trading at a significant discount to shareholders’ equity value.

The sale and delivery of BW Sakura (2010-built, Mitsubishi Heavy Industries) for further trading was concluded in December 2021. It generated approximately USD 22.0 million in liquidity and a net book gain of USD 2.7 million.

To-date, 12 VLGCs have been retrofitted with LPG dual-fuel propulsion engines. In 2021, BW LPG invested over USD 92 million in fleet upgrades. Retrofitting and digitalising the fleet maximise the value of assets and, together with smart operations and fleet transactions, these initiatives have translated to approximately USD 10 million in savings, and over 12% reduction in greenhouse gas emissions from our 2019 baseline.

Market Outlook

Geopolitical uncertainty clouds 2022 VLGC market. Near term rate volatility could be triggered by factors such as bunker price shocks, changing trading patterns, unexpected LPG inventory management and changes to shipping inefficiencies.

For 2023 onwards, despite the uncertainties from the heavy newbuilding delivery schedule and the implementation of IMO EEXI regulations, we remain confident on the long-term VLGC market as LPG remains a viable transition fuel towards decarbonisation and the use of cleaner energy.

2021 Q4 and FY Earnings Presentation and Financial Report, 2021 Annual and Sustainability Reports

Please see attachments for the Q4 and FY 2021 Earnings Presentation and Financial Report, the 2021 Annual Report, and the 2021 Sustainability Report.

BW LPG Q4 and FY 2021 Earnings Presentation

BW LPG Q4 and FY 2021 Financial Report

BW LPG 2021 Annual Report

BW LPG 2021 Sustainability Report

ESEF - iXBRL Reporting Package

BW LPG will host an investor presentation of the financial results at 13:00hrs CET today. The presentation will be made by Anders Onarheim (CEO), Elaine Ong (CFO), Niels Rigault (EVP, Commercial) and Pontus Berg (EVP, Technical and Operations).

The presentation will be held live via Zoom. Please register in advance at the link below:

http://bit.ly/BWLPGQ42021EP

A recording of the presentation will also be available after the event on the Company’s website at: https://www.bwlpg.com/investors.

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Corporate Development and Investor Relations
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com

About BW LPG

BW LPG is the world’s leading owner and operator of LPG vessels, owning and operating Very Large Gas Carriers (VLGC) with a total carrying capacity of over 3 million CBM. With five decades of operating experience in LPG shipping and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at www.bwlpg.com.

BW LPG is associated with BW Group, a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies. Founded in 1955 by Sir YK Pao, BW controls a fleet of over 490 vessels transporting oil, gas and dry commodities, with its 200 LNG and LPG ships constituting the largest gas fleet in the world. In the renewables space, the group has investments in solar, wind, batteries, biofuels and water treatment.

This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

Kilde

TekBot · mars 1, 2022, 7:40am

BW LPG Management Share Option Plan “LTIP 2022” – Award of Share Options

(Singapore, 1 March 2022)

The Board of Directors of BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code:“BWLPG.OL”) has approved a new long-term management share option plan (“LTIP 2022”) aimed to align the interests of senior management and key employees of the Company with those of the shareholders.
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Under LTIP 2022, members of the senior management and key employees of BW LPG will, on an annual basis for a period of five years, be awarded share options. The total number of options that will be awarded under LTIP 2022 is 3,548,500 (equivalent to 2.5% of the total number of shares in issue), where each option will give the holder the right to acquire one BW LPG share from the Company.

One-fifth of the options (i.e. 709,700 options) will be awarded each year in connection with the publication of the quarterly report for Q4 of the preceding year. The strike price for the options shall be equal to the sum of (i) the volume weighted average share price quoted on the Oslo Stock Exchange the first five trading days following the announcement of such quarterly report (VWAP), and (ii) 16% of the VWAP.

The options will have a vesting period of three years from being awarded, and may then be exercised in a period of three additional years. The options are non-tradable and conditional upon the option holder being employed by the Company or its subsidiaries and not having resigned or being terminated for cause prior to the vesting date.

The following primary insiders of the Company have been awarded options under LTIP 2022, as further described in the attached forms. The total number of options and shares (if any) held by these primary insiders are as set out below:

Anders Onarheim, Chief Executive Officer
Outstanding options granted under LTIP 2017: 419,120
Options granted in 2022 under LTIP 2022: 220,005
Total options held: 639,125
Shares held: 50,000

Elaine Ong, Chief Financial Officer
Outstanding options granted under LTIP 2017: 255,600
Options granted in 2022 under LTIP 2022: 85,164
Total options held: 340,764
Shares held: 0

Niels Rigault, Executive Vice President, Commercial
Outstanding options granted under LTIP 2017: 411,800
Options granted in 2022 under LTIP 2022: 120,647
Total options held: 532,447
Shares held: 0

Pontus Berg, Executive Vice President, Technical and Operations
Outstanding options granted under LTIP 2017: 153,360
Options granted in 2022 under LTIP 2022: 85,164
Total options held: 238,524
Shares held: 0

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Corporate Development and Investor Relations
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com

About BW LPG

BW LPG is the world’s leading owner and operator of LPG vessels, owning and operating Very Large Gas Carriers (VLGC) with a total carrying capacity of over 3 million CBM. With five decades of operating experience in LPG shipping and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at www.bwlpg.com.

BW LPG is associated with BW Group, a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies. Founded in 1955 by Sir YK Pao, BW controls a fleet of over 490 vessels transporting oil, gas and dry commodities, with its 200 LNG and LPG ships constituting the largest gas fleet in the world. In the renewables space, the group has investments in solar, wind, batteries, biofuels and water treatment.

This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act and article 19 of the EU Market Abuse Regulation.

Kilde

TekBot · mars 1, 2022, 7:40am

Key Information Relating to the Cash Dividend for Q4 2021

(Singapore, 1 March 2022)

BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG.OL”) provides the following key information relating to its cash dividend for Q4 2021.
…

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Dividend amount: USD 0.18 or NOK 1.58996 per share
Last day the stock is trading including the right to receive this dividend: 3 March 2022
Ex-date: 4 March 2022
Dividend payment date: 18 March 2022
Date of approval: 28 February 2022
Record date: 7 March 2022

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
BW LPG Limited
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Corporate Development and Investor Relations
BW LPG Limited
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com

About BW LPG
BW LPG is the world’s leading owner and operator of LPG vessels, owning and operating Very Large Gas Carriers (VLGC) with a total carrying capacity of over 3 million CBM. With five decades of operating experience in LPG shipping and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at www.bwlpg.com.

BW LPG is associated with BW Group, a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies. Founded in 1955 by Sir YK Pao, BW controls a fleet of over 490 vessels transporting oil, gas and dry commodities, with its 200 LNG and LPG ships constituting the largest gas fleet in the world. In the renewables space, the group has investments in solar, wind, batteries, biofuels and water treatment.

This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

Kilde

TekBot · mars 3, 2022, 6:52am

BW LPG Sells Very Large Gas Carrier

(Singapore, 3 March 2022)

BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code “BWLPG.OL”) announces today the sale of Very Large Gas Carrier (VLGC) BW Trader.
…

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BW Trader was built in 2006 and has a carrying capacity of 78,631 CBM. The sale and delivery of the vessel to its new owner for further trading is expected to be completed by March 2022 and when completed, is expected to generate approximately US$ 20 million in liquidity and a net book gain of approximately US$ 2 million.

Says Anders Onarheim, CEO of BW LPG, “This sale is in line with our strategy of seeking to optimise our assets through the cycles and gives further strength to our balance sheet and liquidity position.”

With this sale, BW LPG owns and operates a fleet of 39 modern VLGCs. The fleet includes 12 VLGCs that have been retrofitted with cleaner-burning LPG dual-fuel propulsion technology, and 19 that have been equipped with SMARTShip digitalisation technology.

For further information, please contact:

Elaine Ong, CPA, CFA
Chief Financial Officer
Tel: +65 6705 5506
E-mail: elaine.ong@bwlpg.com

Iver Baatvik
Head of Investor Relations and Corporate Development
Tel: +65 6705 5519
E-mail: iver.baatvik@bwlpg.com

About BW LPG

BW LPG is the world’s leading owner and operator of LPG vessels, owning and operating Very Large Gas Carriers (VLGC) with a total carrying capacity of over 3 million CBM. With five decades of operating experience in LPG shipping and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at www.bwlpg.com.

BW LPG is associated with BW Group, a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies. Founded in 1955 by Sir YK Pao, BW controls a fleet of over 490 vessels transporting oil, gas and dry commodities, with its 200 LNG and LPG ships constituting the largest gas fleet in the world. In the renewables space, the group has investments in solar, wind, batteries, biofuels and water treatment.

This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

Kilde