Singapore, Aug. 25 -- BW LPG Limited is pleased to announce that its 52%-owned subsidiary, BW LPG India, has entered into an agreement to sell the 2007-built BW Birch for continued trading.On a 100% basis, the sale of BW Birch is expected to generate a net book gain of approximately US$37 million and net cash proceeds of around US$64 million. The vessel is currently trading under a time charter agreement and is scheduled for delivery to the buyer by mid-November at the latest.
Published by HT Digital Content Services with permission from Pivotal Sources....