08:14 AM EST, 12/16/2024 (MT Newswires) -- BW LPG ( BWLP ) said Monday that it took delivery of the BW Breeze vessel on Sunday as part of a stock exchange deal with Avance Gas for the acquisition of 12 very large gas carriers.

The company said it has issued 1,350,000 new BW LPG ( BWLP ) shares to Avance Gas as part of the consideration for the ship. Avance Gas now holds over 15.7 million BWLP shares, equal to a stake of 10.14%, the company said.

BW LPG ( BWLP ) said 10 of the 12 VLGCs have now been delivered.