BW LPG and Global United Shipping to form JV in India
BW LPG and Global United Shipping India have agreed to set up a 50/50 joint venture in India.
The BW Global United LPG India JV will own and operate gas carriers for the transportation of LPG within Indian waters. BW LPG will sell two of its vessels, namely BW Boss and BW Energy, to the JV. BW LPG CEO Martin Ackermann said: “The joint venture will allow BW LPG to create a strong base in India, which is one of the world's largest LPG import markets.