Singapore's BW LPG has increased its commitment to LPG bunkers by sealing new financing to retrofit six more VLGCs with dual-fuel engines.
The Oslo-listed shipowner said it secured a $45m "transition loan" in the form of a revolving credit facility to retrofit the tankers.
The facility, priced at Libor plus 170 basis points, increases the company's existing $290m term loan facility from an export credit agency.
