In Singapore, BW LPG Limited's subsidiary BW LPG India, which they own 52% of, has made a successful agreement to sell the BW Elm, a vessel built in 2007, for ongoing use. This sale is anticipated to result in a net book gain of roughly US$36 million and net cash proceeds of about US$64 million, based on a full ownership perspective. The BW Elm is set to be transferred to the buyer by mid-August.