{"id":13617,"date":"2020-07-15T13:15:33","date_gmt":"2020-07-15T10:15:33","guid":{"rendered":"https:\/\/www.al-sindbad.net\/bw-sells-old-lpg-vessel\/13617\/"},"modified":"2020-07-15T13:15:33","modified_gmt":"2020-07-15T10:15:33","slug":"bw-sells-old-lpg-vessel","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/bw-sells-old-lpg-vessel\/13617\/","title":{"rendered":"BW sells old LPG vessel"},"content":{"rendered":"<p><\/p>\n<p><strong>BW LPG, a unit of the Singapore gas shipping giant BW, sold its old carrier Berge Summit to an unidentified owner for continued trading. <\/strong><\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/cdn.offshorewind.biz\/file\/sites\/6\/2020\/07\/15114936\/BW-sells-old-LPG-carrier.jpg\" alt=\"BW sells old LPG carrier\" class=\"wp-image-375097\" \/><figcaption>Image: BW LPG<\/figcaption><\/figure>\n<p>Bw took <a href=\"https:\/\/www.offshore-energy.biz\/berge-summit-vlgc-delivered-to-bw-lpg\/\">complete ownership<\/a> of the 1990-built vessel with a capacity of 78,489 cbm in 2015.<\/p>\n<p>The vessel has been used as a LPG floating storage for a gas-to-power project for the last 5 years. <\/p>\n<p>The sale is expected to generate approximately $9 million in liquidity and an expected net book gain of $4 million, according to BW LPG.<\/p>\n<p>BW LPG&#8217;s chief executive <strong>Anders Onarheim<\/strong> said the transaction was in line with the company&#8217;s asset management strategy.<\/p>\n<p>The company now owns and operates a fleet of 46 modern VLGCs, with an average age of 8.7 years.<\/p>\n<p>Twelve of these ships are scheduled for LPG dual-fuel engine retrofitting in 2020 and 2021, making them the &#8220;most environmentally friendly VLGCs in the world.\u201d<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.offshore-energy.biz\/bw-sells-old-lpg-vessel\/\">BW sells old LPG vessel<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.offshore-energy.biz\">Offshore Energy<\/a>.<\/p>\n<p>world maritime news<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BW LPG, a unit of the Singapore gas shipping giant BW, sold its old carrier Berge Summit to an unidentified owner for continued trading. Image: BW LPG Bw took complete ownership of the 1990-built vessel with a capacity of 78,489 cbm in 2015. The vessel has been used as a LPG floating storage for a &hellip;<\/p>\n","protected":false},"author":1,"featured_media":13618,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[230,1740,549],"class_list":["post-13617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news","tag-lpg","tag-sells","tag-vessel"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/13617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=13617"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/13617\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/13618"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=13617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=13617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=13617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}