BW LPG India secures term loan facility to acquire two modern VLGCs

 

BW LPG India has secured a USD 215 million Term Loan Facility to refinance its existing debt and to support the acquisition of two modern VLGCs, BW Chinook and BW Pampero, from BW LPG as previously announced. This facility supports BW LPG India’s continuous fleet renewal plan amid the sustained growth of India’s LPG demand, said a release. 

BW LPG India currently owns and operates India’s largest fleet of VLGCs. Following the acquisition of these two vessels, BW LPG India will own nine VLGCs.

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