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BW LPG buys trading operations from Vilma Oil

Singapore’s BW LPG is expanding its product services division with the acquisition of the LPG trading operations from Spain’s Vilma Oil for an undisclosed sum.

The Oslo-listed BW Group company said the move should allow its division, established in 2019 in support of its core shipping business, to provide even better service while boosting fleet utilisation.

“The acquisition brings a highly experienced team with a strong track record to BW LPG, and is in line with our strategy to support our core shipping business,” said Anders Onarheim, BW LPG.

The deal is subject to approval from the Spanish regulatory authorities, and the transaction is expected to close by the end of the fourth quarter of this year.

The Madrid-based Vilma Oil trades more than 4m metric tons of petroleum products annually, including LPG, and has bunkering service in the port of Ceuta, with more than 2,000 ships supplied every year.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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