BW LPG
BW LPG is the world’s leading owner and operator of Very Large Gas Carriers (VLCGs) for the transportation of liquified petroleum gas (LPG). We own and operate over 50 LPG vessels which makes us a global leader in terms of number of ships and lifting capacity. With five decades of operating experience in LPG shipping, an in-house LPG trading division and investment in LPG downstream distribution, BW LPG offers an integrated, flexible, and reliable service to customers along the LPG value chain.
BW LPG is headquartered in Singapore and is dual-listed on the Oslo and New York Stock Exchanges under the ticker codes BWLPG.OL and BWLP respectively.
LPG Dual-Fuel Propulsion
Cleaner energy for a changing world
We invest significant resources in R&D and technology to drive energy efficiency and reduce emissions to air. One of our most significant initiatives is to pioneer the use of LPG dual-fuel propulsion engines. LPG is a cleaner-burning long-term sustainable marine fuel, and LPG propulsion has significant environmental, economic and operational benefits.
Owning and operating these LPG vessels grounds our decarbonising efforts, and ensures we provide stakeholders with an ambitious but practical decarbonisation roadmap towards a zero-carbon future.
We believe in the future of LPG and its potential to improve the lives of people around the world – LPG can help meet the world’s energy needs while addressing concerns on climate change.
We want to take the lead in transitioning towards cleaner energy – and in the process, be a trusted, transparent, and reliable partner for our stakeholders. To reflect our commitment to cleaner energy, we have updated our purpose and vision to ‘Best on water with cleaner energy’ and ‘Delivering energy for a better world’ respectively.
Safely delivering cleaner fuels for a better world
At BW LPG, sustainability is a core principle that guides our long-term strategy. As the world’s leading owner and operator of Very Large Gas Carriers (VLGCs), including the largest number of LPG dual-fuel powered VLGCs, we recognise our responsibility and ability to influence at scale and drive positive change.
Our ESG and overall business strategy is centered around fostering sustainable growth and creating long-term shared value, in line with the United Nations Sustainability Development Goals.
Related to the environmental pillar, we achieved a significant milestone of 11% reduction in emissions and energy consumption, as compared to the 2019 baseline. By implementing weather routing and leveraging LPG as fuel over conventional fuel, cost savings of US$11 million were realised in 2024. Beyond fuel transition, optimizing hull performance presents an effective pathway to enhancing fuel efficiency which we have been investing in for the past four years.
By managing waste and water responsibly, we minimize our environmental footprint and promote resource efficiency. We adopt best practices to reduce waste generation, enhance recycling efforts and ensure the sustainable use of water across our operations, supporting a healthier marine ecosystem and a cleaner planet.
BW LPG India
India’s largest owner and operator of Very Large Gas Carriers for LPG shipping
India is the world’s second largest importer of LPG, and long-term demand trends together with strong government support for the use of LPG are expected to sustain growing domestic demand. Significant infrastructure investments into new pipelines, port expansions and storage facilities have encouraged high LPG imports. The country’s investments in propane dehydrogenation plants also bodes well for potential LPG import demand for the petrochemical sector.
Since our establishment eight years ago, BW LPG India has grown to become India’s largest owner and operator of VLGCs. Our fleet is Indian-flagged and Indian-operated to facilitate business transactions in alignment with the “Pradhan Mantri Ujjwala Yojana” (translated as Prime Minister’s Lightening Scheme) and “Atmanirbhar Bharat” scheme (translated as domestic self-reliance). We added ~400,000 MT to Indian shipping with our fleet which carries approximately 20% of LPG imports into India, and commands approximately 30% share of the time-charter market. Vessels in BW LPG India are maintained to the highest technical standards in order to comply with strict commercial and regulatory requirements.
As part of our commitment to the communities in which we operate, we continue our partnership with Akshaya Patra Foundation, an Indian nonprofit working with the Government to bring nutritious meals to millions of children at school. Over the past two years, we have sponsored the energy needs of 13 kitchens, which have collectively prepared over 43,000 meals for children in 2,700 government and government-aided schools. This initiative plays a vital role in addressing food insecurity and has contributed significantly to improving school attendance.
In alignment with our sustainability goals, we have also taken steps to further enhance our impact by replacing briquette-powered equipment with clean-burning liquefied petroleum gas (LPG)-fueled boilers. This transition not only optimizes operational efficiency but also brings environmental, community, and cost benefits.
At BW LPG India, we value diversity in all forms, but gender representation is a particular element of shipping that we support. We want to improve gender diversity in our industry, and we are doing so one scholarship at a time. We provide what is arguably India’s first and only fully paid scholarship for selected female cadets enrolled at the Indian Maritime University. What started with a small pioneer group of nine female cadets in 2020 has now grown to supporting about 60 female cadets in various stages of their academic and professional careers.
BW Product Services
In-house trading expertise at BW LPG
BW Product Services is the in-house trading division of BW LPG. The team provides customers with reliable, integrated LPG delivery services, by purchasing LPG and offering it delivered directly to buyers and receivers. Through years of operating and trading experience, we have built a strong network and a deep understanding of the LPG industry. We trade LPG worldwide, sourcing cargoes from the US and Middle East and deliver cargoes to key import markets. We currently have offices in Singapore, Madrid, Oslo, and Houston to provide global coverage for major LPG markets.
Our combination of shipping, derivatives and market analysis allows us to respond quickly to changing dynamics and seize market opportunities while operating within disciplined capital requirements and defined risk thresholds. The Far East will remain the largest consumer of LPG for both retail and petrochemical demand, with China accounting for most of the demand. The Middle East is a key growth area for gas plant production – as new projects come onstream around 2025/2026, this will maintain the region as a dominant LPG supply source for India and Asia markets.
At BW Product Services, we work with leading trade finance banks. Key partners include Banque Cantonale de Genève (Switzerland), BIC-BRED (Suisse), SA (Switzerland), BNP Paribas (Singapore), Credit Agricole Corporate and Investment Bank (Singapore), Citibank N.A. (Singapore), OCBC Bank (Singapore) and Societe Generale (Paris). Read more about how BW Product Services is supporting customers with market insights, operational flexibility and maritime expertise.