BW LPG
ANNUAL REPORT
2019

GLOBAL LEADER
IN LPG SHIPPING

As the world's leading owner and operator of LPG carriers with five decades of operating experience, BW LPG promotes competitive, sustainable solutions to secure value for society and our stakeholders.

Headquartered in Singapore, our global footprint spans seven countries. Our fleet of 47 Very Large Gas Carriers (VLGC) offer a total carrying capacity of over 3 million cubic metres (CBM). From spot voyages and time charters to Contracts of Affreightment (CoAs), our emphasis on flexible, reliable service has earned the trust of leading oil companies as well as trading and utility companies.

We have developed the world’s largest fleet of VLGCs over more than 50 years, and gained a wealth of experience across the shipping value chain. This means BW LPG can offer best in class, safe and highly flexible LPG shipping solutions to customers worldwide.

  • Lasting relationships with blue-chip charterers
  • Strong balance sheet and support from banks
  • Experienced leadership, capable and empowered employees
  • Eight decades in maritime energy; five decades in gas shipping
  • Largest fleet of VLGCs in the world
  • GLOBAL LEADER IN MARITIME LPG

FLEXIBLE AND RELIABLE SERVICE

Having the world's largest fleet of LPG carriers gives us the capacity and flexibility to offer timely and reliable services anywhere in the world, providing 24/7 commercial and operational support to our customers. Our vessels operate globally to cover all markets. Our scale, combined with our competence and experience, enables us to manage the logistics of Contracts of Affreightment (CoAs).

STRONG BRAND AND CUSTOMER RELATIONS

With more than 80 years in energy transportation and over 40 years in LPG transportation, BW LPG has a long-standing reputation as a leading provider of safe, reliable, and efficient LPG transportation solutions. This reputation provides an important advantage in building and maintaining strong relationships with leading oil and gas companies.

DECADES OF OPERATING EXPERIENCE

We have a large pool of experienced employees with extensive industry experience. Our officers and crew, with experience in-company and in-industry, are a major competitive advantage in a market where charterers require significant experience among senior crew.

Largest VLGC fleet comprising
47 vessels
with a total carrying
capacity of over
3 million CBM
(~ 1.9 million metric tons)
and five decades of operating
experience in LPG shipping

35
owned VLGCs

10
chartered VLGCs

2
owned and operated VLGCs
by a Joint Venture

as at 28 February 2020

Vision

Best on Water

Purpose

We aspire towards a Better World:

  • through driving the world's energy transition by delivering a cleaner source of energy
  • through conducting sustainable business practices and reducing environmental impact
  • for our employees, customers, investors and the environment

Our Value

Collaborative
We engage our customers eye-to-eye and find solutions together
We engage positively and constructively with our colleagues
We are open, genuine, and transparent in everything we do

Ambitious
We recognise that to be our customers' first choice, we must set the bar high
We challenge our own performance and goals, as individuals and as a team
We give and we value honest and respectful feedback

Reliable
We deliver on our promises to customers and colleagues
We trust and depend on each other as colleagues
We recognise that accountability and reliability are essential for efficiency and success

Enduring
We serve our customers with a long-term perspective
We persevere based on our commitment to make a positive difference
We are attuned to changes around us, and change to stay relevant

BW LPG ANNUAL REPORT 2019

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