BW LPG Limited (BWLP) Exits India Project, Boosts Green Fleet

We recently compiled a list of 10 Best Mid Cap Stocks to Buy According to Billionaires. BW LPG Limited stands ninth on our list.

BW LPG Limited (NYSE:BWLP), headquartered in Singapore and listed on both the Oslo and New York Stock Exchanges, is the world’s leading owner and operator of liquefied petroleum gas (LPG) vessels. Its fleet of over 50 Very Large Gas Carriers (VLGCs) has a combined capacity of more than 4 million cubic meters. Operating across shipping, trading, and infrastructure, the company is known for pioneering LPG dual-fuel engine retrofits to support low-emission maritime transport.

In May 2025, BW LPG Limited (NYSE:BWLP) announced its withdrawal from the planned onshore LPG terminal project in Navi Mumbai, India, marking a strategic refocus on its core competencies, shipping and trading. Despite exiting this infrastructure investment, the company reaffirmed its commitment to India as a key market for energy transition efforts.

The company has continued strengthening its fleet through the acquisition of 12 modern VLGCs from Avance Gas Holdings, including vessels like BW Capella. Alongside fleet expansion, the corporation is actively retrofitting more than 15 ships with LPG dual-fuel technology, supporting international decarbonization goals and ensuring compliance with tightening emissions regulations.

BW LPG Limited (BWLP) Exits India Project, Boosts Green Fleet

A fleet of offshore supply vessels and tugs carrying materials to an oilrig in the distance.

BW LPG Limited (NYSE:BWLP)’s Product Services segment also showed solid performance in Q2 2025, reporting approximately $15 million in gross trading results. This reflects the company’s success in navigating volatile markets and optimizing integrated trading and shipping operations.

While we acknowledge the risk and potential of BWLP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BWLP and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.