BW LPG is selling its oldest vessel in a deal that will see the 30-year-old VLGC continue to trade.
The 78,000-cbm Berge Summit (built 1990), which was built at Mitsubishi Heavy Industries, has gone for a steeper-than-expected price of $11m, brokers said. The ship is due for its special survey.
Oslo-listed BW LPG, a spin-off of Singapore-headquartered BW Group, did not respond to immediate requests for comment.
