Beximco purchases LPG carrier

Beximco Petroleum has recently purchased a liquefied petroleum gas (LPG) carrier, the first in Bangladesh, the company said in a statement yesterday.

With a capacity of 2,700 MT, Bexpetro 1 will be flying the national flag on international waters. It will be the first Bangladeshi ship to directly procure LPG at source, reads the statement.

Bexpetro 1 is expected to arrive in Bangladesh with its first shipment of LPG by the first week of December.

“This marks a major milestone not only for LPG operators in Bangladesh but also for the nation at large as this paves the way for a more cost-effective and efficient LPG supply chain,” said the statement.

With two more vessels of similar capacity already in the pipeline, this is a stepping stone for Beximco Petroleum's strategic vision of becoming the country's premier LPG operator, it added.