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10

BW LPG

ADDING TO

THE FLEET

BW LPG’S NEWBUILDING

PROGRAM UNDERPINS

OUR COMMITMENT

TO MEET CUSTOMER

REQUIREMENTS IN A

RAPIDLY EXPANDING

MARKET

BW LPG is the world’s largest owner and

operator of VLGCs and has over 35 years of

operating experience in LPG shipping. This

commitment to the sector has led to the

development of an exceptional experience

base and relationships with the industry’s

most well-reputed charterers.

In order to maintain its leading position

as a tonnage provider to major charterers,

BW LPG continues to add modern vessels

to its fleet in light of the continuing rapid

growth in the LPG export market. BW LPG

placed an order for eight newbuildings

for delivery between late 2014 and

2016. The specification of these vessels

is in line with BW LPG’s commitment to

provide safe, reliable and cost-efficient LPG

transportation solutions to our customers.

The newbuildings on order from Hyundai

Heavy Industries (HHI) will feature technical

improvements such as electronically

controlled main engines and high-end

antifouling systems with electronic

monitoring to improve fuel efficiency. The

vessels are also fitted with latest design of

cargo re-liquefaction systems that require

less power and hence operate at lower

cost. Selected vessels, for example, are

fitted with Propeller Boss Cap Fins or Mewis

Duct to reduce fuel consumption in line

with our energy management program.

Three of the eight newbuildings have

been completed by end March 2015, with

another newbuilding due in April 2015

and each vessel proceeding smoothly

to first charters. BW Aries was delivered

on 17 November 2014, BW Carina on 27

February 2015, and BW Gemini on 18

March 2015. There are five additional

deliveries expected – three later in 2015,

and another two in mid-2016.

The newbuildings are designed for flexible

deployment. Owning and operating

the world’s largest fleet of LPG carriers

provides us the capacity and flexibility to

offer timely and reliable services across

the globe.

BW LPG’s leadership in the LPG sector is

not defined by vessel numbers alone. BW

LPG’s long-standing reputation as a leading

provider of safe, reliable, and efficient

LPG transportation along with decades of

operating experience make it the platform

of choice for the market-leaders in LPG

production and trading.