BW LPG acquires Avance Gas' VLGC fleet for $1.05bn, increasing its owned VLGC fleet to 53.

BW LPG, a leading global LPG shipping firm, agrees to acquire Avance Gas' entire VLGC fleet for $1.05bn, increasing its owned and operated VLGC fleet to 53. The acquisition is a mix of cash and shares, and is expected to be completed in Q1 2024. This deal will expand BW LPG's fleet and strengthen its position in the VLGC market, marking the strongest year on record for the company.

August 15, 2024
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