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Vessel owner and operator BW LPG sells Berge Summit vessel

Jul 16, 2020 - Marketline Newswire
Partnership Announcement

Global liquefied petroleum gas (LPG) vessel owner and operator BW LPG has completed the sale and delivery of its vessel, Berge Summit, to the new owner.

Built in 1990, Berge Summit has a carrying capacity of 78,489 cubic metres (cbm). For the last five years, the ship was used as an LPG floating storage for a gas-to-power project. The company will receive approximately $9m in liquidity and expects net book gain of $4m. BW LPG CEO Anders Onarheim said: "The successful completion of this tra...