BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG”)  has today taken delivery of BW Aries, the first of eight newly-built Very Large Gas Carriers (VLGCs) from Hyundai Heavy Industries (HHI).

In a speech given at the shipnaming ceremony in Ulsan, Korea, Nicholas Gleeson, BW LPG’s CEO, spoke to the high quality of the vessel construction and oversight, and highlighted the importance of safety in the design and build processes. “The completion of this vessel is a testament to a great many hours of exceptional teamwork”, he said.

BW Aries’ and her sister-ships’ designs incorporate modern solutions for improved safety, environmental performance, and fuel savings. Andrew Hoare, BW LPG’s Chief Commercial Officer stated, “The BW Aries is the first of the eight new buildings ordered with HHI and she joins our fleet to enhance our delivery to our customers. BW LPG is a committed industry player in the LPG sector and decisions about the addition of new vessels to the fleet are made based on a long term outlook.”

BW Aries will join 19 other VLGCs in BW LPG’s fleet currently on water. The company now owns and operates a fleet of 36 vessels, comprising 20 owned VLGCs, 11 chartered-in VLGCs, five owned LGCs. BW LPG is the world’s largest Very Large Gas Carrier (VLGC) owner and operator, by number of VLGCs and by LPG carrying capacity.

Source &amp; image credit: BW lpg