BW LPG is gaining control of up to five more VLGCs through its takeover of the LPG trading activities of Spain’s Vilma Oil.
The deal was announced in August as the Singapore owner sought to expand its three-year-old LPG trading operation, BW LPG Product Services.
Few details were given at the time, but now the company’s head of strategy and deputy CEO Kristian Sorensen has told a conference call with analysts that the plan is to add up to five of Vilma’s VLGCs to its pool in the coming months.
