Splash247 reports that BW LPG India has agreed to sell BW Loyalty, a 2008-built gas carrier with capacity of 84,601 cubic metres, at a price in the low-$80 million range. The buyer is unnamed and the ship is intended for continued trading.

The report puts expected net cash proceeds after taxes and transaction costs at approximately $66 million, and the projected gain at $52 million. Both estimates use a 100% ownership basis; they are not the amounts attributable to BW LPG’s 52% interest in its Indian subsidiary.

According to the outlet, the vessel will continue on its existing time charter before handover. The sale is expected to close by December 2026 and is not reported as completed.

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Source: Splash247 · original report