BW LPG (BWLP) said Tuesday its subsidiary, BW LPG India, agreed to sell the 2008-built vessel BW Loyalty for continued trading.
The company said the sale is expected to generate a gain of about $52 million and net cash proceeds of about $66 million, after taxes and transaction costs, on a 100% basis.
The vessel is expected to be delivered to the buyer after its current time charter ends, no later than December 2026, it added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments