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IMarEST UAE Secretary sparks green revolution at IEC 2026
RINA: Paolo Moretti appointed Group Chief Executive Officer
Kerala Identifies 930 Acres for Logistics Infrastructure near Vizhinjam Port
Gadkari Says Green Hydrogen Will Power India’s Future Mobility and Industry
TCI Seaways Explores Dedicated Chennai–Ranong Shipping Service to Boost India–Thailand Trade
Centre Approves ₹430.68 Crore Dredging Subsidy for Kolkata Port
VOC Port Receives ISO 50001:2018 Energy Management Certification
Rail Container Movement Picks Up at Vallarpadam ICTT after Years of Underutilisation
Viksit Bharat is not just a promise for its people, but a guarantee of a better world: PM Modi
The soaring cost of shipping is lifting the price of oil for consumers
BW LPG sells 2015-built VLGC for $38m
The company disclosed that the sale of BW Levant is
expected to generate a net book gain of approximately $17 million and net cash
proceeds of around $38 million. It
also remarked that the delivery timeline allows the company to continue
generating revenue from the asset in a strong freight market. BW LPG Chief Executive Officer Kristian
Sørensen commented, "This sale demonstrates our disciplined approach to
capital allocation, realising a strong return just two years after purchasing
the vessel through the Avance Gas transaction."
Sailing under the
Marshall Islands flag, the 226-metre vessel has a deadweight tonnage of 53,658
and a carrying capacity of 83,000 cubic metres. BW LPG currently operates a
fleet of 50 VLGCs.
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