Page 37 - ΝΑΥΤΙΚΑ ΧΡΟΝΙΚΑ - SEPT 2025
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Consolidation remains
a constant consideration
in an industry like shipping
As the global LPG shipping market faces heightened
volatility and shifting geopolitical dynamics, BW LPG
stands at the forefront of adaptation and strategic
foresight. In this exclusive interview with
Naftika Chronika, BW LPG’s CEO Kristian Sørensen
discusses the company’s recent consolidation with
Avance Gas, its expanding footprint in key markets
like India and the US, and its approach to navigating
the freight market’s unpredictability. From expanding
LPG trading and shipping to the emerging ammonia
trade, Sørensen offers valuable insights into the
opportunities and challenges shaping the next phase
of growth for one of the sector’s leading players.
Kristian Sørensen, What does the future hold for BW LPG water in a healthy market environment
CEO of BW LPG, after the deal with Avance Gas? Can for VLGCs.
talks to Giannis Theodoropoulos we expect further consolidation In addition to the Avance Gas transaction,
moves in the segment? we have also declared two purchase
We are very pleased with the outcome options over the past year linked to long-
of the Avance Gas transaction, which term time charters. With these addi-
represented a meaningful step towards tions, we are satisfied with the current
the consolidation of the VLGC market. size of the BW LPG fleet. For the time
The deal, which involved the hando- being, our plan is to let the assets work
ver of 12 modern VLGCs, expanded and generate revenue.
our commercial footprint consider- In general, consolidation remains
ably and strengthened our position a constant consideration in an indus-
as a larger, more investable company try like shipping. However, the feasibil-
for shareholders. A major advantage ity of such moves is heavily influenced
was our ability to take delivery of all 12 by asset prices, which remain elevated
vessels within four months of signing, at present and continue to pose a chal-
enabling us to have assets on the lenge for further consolidation.
September 2025 35
