Search results for: BW Group

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  • 7 June 2016

    Singapore-based BW Group on Tuesday said the group CFO Nicholas Gleeson has resigned from his position, effective June 3, 2016.

  • 18 November 2015
    Business & Finance

    BW Pacific Limited not proceeding with its planned IPO and listing on the Oslo Stock Exchange has no impact on the credit rating of its majority shareholder, BW Group Ltd, rated at Ba1 stable, as the decision will have limited implications on BW Group’s liquidity profile or capital structure, according to Brian Grieser, a Moody’s Vice […]

  • 30 September 2015
    Business & Finance

    Singapore-based oil and gas transporter BW Group has returned to South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) for two liquefied natural gas (LNG) carriers. The shipbuilding contract for the two 174,000 cbm LNG carriers is valued at around KRW 478 billion (USD 403 million), and the vessels are scheduled for delivery in the first half of 2019. […]

  • 17 June 2014

    BW Group has announced that it has appointed Carsten Mortensen as Group CEO. Current BW Group CEO Andreas Sohmen-Pao will join the BW Group Board of Directors and remain actively involved in the group, including on the board of subsidiaries BW Offshore, BW LPG and BW Pacific. BW has significantly broadened its scope of activity in […]

  • 14 November 2017

    Japan’s Mitsui will form a joint venture with BW Group to jointly own the Floating Storage and Regasification Unit (“FSRU”) BW Integrity, set to operate in Pakistani waters. According to Mitsui, the deal is expected to close as soon as the payment for the 49% stake is completed. This deal is the first FSRU project […]

  • 25 September 2018
    Business & Finance

    Chief executive officer (CEO) of global maritime group BW has decided to resign from his position for personal reasons.

  • 11 March 2015
    Business & Finance

    Oslo Stock Exchange-listed BW Offshore has sold the VLCC BW Opal for USD 85.5 million to BW Group. The transaction is performed on an arms-length basis, based on independent valuation reports and technical inspection of the vessel. The agreement also includes an option for BW Offshore to buy-back the vessel until Q1 2017, the company […]

  • 21 November 2014

    Helmut Sohmen has retired as Chairman of the Board of BW Group and BW Offshore, with his son Andreas Sohmen-Pao taking over.

  • 7 November 2019
    Business & Finance

    The offering price was set at NOK 25,45 (USD 2,77) per share.

  • 30 September 2015
    Business & Finance

    Singapore-based oil and gas transporter BW Group has returned to South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) for two liquefied natural gas (LNG) carriers. The shipbuilding contract for the two 174,000 cbm LNG carriers is valued at around KRW 478 billion (USD 403 million), and the vessels are scheduled for delivery in the first half of 2019. […]

  • 28 April 2017
    Business & Finance

    The Marshall Islands Court has rejected Frontline’s request for a temporary restraining order regarding matters relating to DHT’s acquisition of BW Group’s VLCC fleet, the court documents show. “The High Court issued its ruling denying Frontline’s request, which Frontline filed on April 27, 2017, after hearing arguments by counsel for Frontline, DHT and BW Group,” DHT […]

  • 18 April 2019
    Business & Finance

    BW Group increased its stake in Epic Gas to 82.58% with the completion of its voluntary unconditional offer.

  • 18 June 2014

    BW said that it has appointed Carsten Mortensen as Group CEO. Current BW Group CEO Andreas Sohmen-Pao will join the BW Group Board of Directors and remain actively involved in the group, including on the board of subsidiaries BW Offshore, BW LPG and BW Pacific. BW has significantly broadened its scope of activity in the past […]

  • 3 May 2017
    Business & Finance

    BW Group is behind the order for four crude carriers at South Korean shipbuilder Samsung Heavy Industries (SHI) that was revealed yesterday, the company’s spokesperson confirmed to World Maritime News. “BW Group has contracted 4 VLCCs at Samsung Heavy Industries with various options attached, including other ship types,” the statement reads. Furthermore, BW Group said that “DHT […]

  • 23 March 2017
    Business & Finance

    DHT Holdings, Inc. has entered into an agreement to buy eleven very large crude carriers (VLCCs), including two newbuildings due for delivery in 2018, from BW Group Limited. BW Group’s vessels, which have a total value of USD 538 million, are scheduled to join their new owner during the second quarter of 2017. As a result of […]

  • 19 May 2014
    Business & Finance

    BW Group and PAG have formed a joint venture called BW Pacific which is purchasing ten modern Medium Range product tankers from Elandra Pte Ltd, a company associated with Vitol Energy (Bermuda) Ltd. Andreas Sohmen-Pao, CEO of BW Group commented: “BW is pleased to form a joint venture with one of Asia’s leading investment managers […]

  • 23 May 2014
    Business & Finance

    BW Group and Pavilion Energy have entered into an agreement to form a joint venture, BW Pavilion LNG Pte. Ltd., to acquire, manage and charter maritime LNG assets, including LNG carriers. Andreas Sohmen-Pao, BW Group CEO, says: “We look forward to a long-term partnership with Pavilion Energy, leveraging our experience in the maritime LNG value […]

  • 9 January 2019
    Business & Finance

    BW Group has sold a fleet of 13 chemical tankers to Ace Tankers Management BV.

  • 8 March 2019
    Vessels

    Singapore-based gas shipping giant BW Group on Friday said it has taken delivery of its newbuild FSRU from the South Korean Daewoo Shipbuilding & Marine Engineering (DSME).

  • 7 August 2019
    Vessels

    BW LNG, a unit of the Singapore-based gas shipping giant BW Group, said the BW Paris LNG carrier conversion to an FSRU has been completed at the Keppel shipyard in Singapore.

  • 30 May 2013
    Vessels

    Maersk Tankers exits its VLGC segment by selling the fleet to the BW Group. The BW Group buys Maersk Tankers five owned vessels and takes over the five existing time charter commitments. The divestment is part of Maersk Tankers strategy to focus on fewer segments. Hanne B. Sørensen, CEO Maersk Tankers: “This transaction supports our […]

  • 22 October 2014
    Business & Finance

    BW Group organised a ship naming ceremony for the first two of ten medium range (MR) product tankers built by the SPP Shipyard in Korea. BW Egret and BW Falcon will join eight other MRs currently on water, and will trade in the spot market. On April 30, 2014, BW Group entered into an agreement to […]