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BW LPG renews fleet with $135m worth of deals in ‘firm’ S&P market

‘Strong’ $65m sale price for 2007-built VLGC comes despite weaker freight rates and net asset value assessments, said Jefferies shipping analyst Omar Nokta

BW LPG is renewing its fleet with a $65m sale of an older VLGC and a $69.8m purchase of newer, chartered-in tonnage. Jefferies shipping analyst Omar Nokta noted that the sale price illustrates firmness in the VLGC sale and purchase market despite lower spot rates

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