BW LPG acquires Vilma Oil’s LPG trading arm

The acquisition, for an undisclosed sum, is aimed at supporting BW LPG’s fleet operations and expanding the Oslo-listed business’ product services division. BW LPG established an integrated product services division in February 2019 in support of its core shipping business.

“This acquisition will allow BW LPG to scale its product services offering to provide even better service to customers while boosting fleet utilisation,” a statement from the Singapore-headquartered company said.

The acquisition is subject to approval from the Spanish regulatory authorities, and the transaction is expected to close by the end of Q4 2022.

Associated with BW Group, BW LPG’s fleet of very large gas carriers (VLGCs) have a more than 3M m3 capacity and BW Group’s 200 LNG and LPG carrier fleet is the world’s largest.