Search results for: BW LPG

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  • 30 May 2018

    Norway’s BW LPG, the world’s largest liquid petroleum gas shipping company, is offering to buy competitor Dorian LPG in a $1.1 billion all-share deal. Dorian shareholders will receive 2.05 BW LPG shares for each Dorian share, equal to $7.86 per share, BW LPG said in a statement on Tuesday. New York-listed Dorian LPG’s equity is […]

  • 17 July 2018
    Business & Finance

    BW LPG is to nominate three director candidates to stand for election for Dorian LPG’s Board of Directors.

  • 30 May 2018
    Business & Finance

    Dorian LPG has received a proposal from BW LPG for a business combination in an all-stock transaction.

  • 12 March 2015
    Business & Finance

    The Singapore-headquartered liquefied petroleum gas shipping company BW LPG Limited has chosen Martin Ackermann, currently the Chief Executive Officer of Evergas, to be the company’s new CEO.   Ackermann will take up his new role at BW LPG in Singapore once his contractual commitments have been finalised, and BW LPG’s current CEO, Nicholas Gleeson, will in due course return to his […]

  • 8 October 2018
    Business & Finance

    BW LPG is withdrawing its proposal to combine with gas carrier owner and operator Dorian LPG. 

  • 20 September 2016
    Business & Finance

    Singapore-based BW LPG Limited will launch a voluntary tender offer for all of the remaining shares in Aurora LPG after its subsidiary, BW LPG Holding Limited, bought 877,813 additional shares yesterday and increased its stake in the company to 32.79%. Following the latest acquisition, the second one this week, BW LPG Holding owns 9,730,654 shares in Aurora LPG. BW LPG now […]

  • 9 July 2018
    Business & Finance

    BW LPG has increased its all-stock proposal to combine with gas carrier owner and operator Dorian LPG.

  • 15 October 2015

    BW LPG said that it has taken delivery of BW Orion, the sixth very large gas carrier in its newbuilding programme of eight VLGCs from Hyundai Heavy Industries.

  • 31 October 2016
    Business & Finance

    Singapore’s gas carrier owner BW LPG has decided to launch a voluntary unconditional tender offer for all the remaining shares in Oslo-listed Aurora LPG. The company is now offering either 0.3175 new common shares of BW LPG and NOK 7.40 in cash, or NOK 16 in cash for each of the remaining share in Aurora LPG. […]

  • 30 August 2018

    BW LPG, the world’s largest liquid petroleum gas shipping company, has signed contracts including future options for the delivery and retrofitting of four LPG-propelled dual-fuel engines in its fleet. BW LPG claims in a statement that this move is “a world’s first initiative.” The company expects the first retrofitting to take place in conjunction with scheduled drydockings […]

  • 19 January 2017
    Business & Finance

    Aurora LPG has become a fully owned and integrated subsidiary of the Singapore-based BW LPG, with all nine of the company’s carriers now renamed. The full integration follows the acquisition of all shares in Aurora LPG by BW LPG and the delisting of Aurora from Oslo Axess in December 2016. BW LPG has also terminated all […]

  • 15 December 2015
    Business & Finance

    Following last week’s purchase round, Singapore’s owner and operator of very large gas carriers BW LPG Limited has continued its purchase of shares in Aurora LPG Holdings ASA. Namely, after close of markets on 14 December 2015, BW LPG acquired a further 852,800 shares in Aurora LPG, representing 2.87% of the outstanding shares in the […]

  • 25 February 2019
    Business & Finance

    BW LPG forms a product services division in an effort to support its core shipping business. 

  • 5 May 2015
    Business & Finance

    Martin Ackerman will assume the role of a Chief Executive Officer (CEO) at the Singapore-based liquefied petroleum gas shipping company BW LPG on August 1, after his contractual commitments with Exmar have expired, the company said in a release. BW LPG’s current CEO, Nicholas Gleeson, will in due course return to his previous position as Chief Financial Officer […]

  • 8 October 2018

    Oslo-based BW LPG, the world’s largest liquid petroleum gas shipping company, has dropped its pursuit to buy New York-listed competitor Dorian LPG in a $1.1 billion all-share deal. BW LPG said in a statement on Monday that the decision was made due to “Dorian’s continued refusal to give a meaningful response to BW LPG’s outstanding […]

  • 24 October 2016
    Vessels

    BW LPG said it has taken delivery of BW Magellan, the first of four Very Large Gas Carriers (VLGCs) in its newbuilding program from Daewoo Shipbuilding and Marine Engineering (DSME).

  • 11 May 2015

    BW LPG said that it has taken delivery of the very large gas carrier Berge Summit.

  • 26 June 2018
    Business & Finance

    BW LPG called Dorian LPG to return to the negotiating table, only weeks after its takeover proposal got rejected.

  • 17 November 2014

    BW LPG has taken delivery of the VLGC BW Aries from Hyundai Heavy Industries.

  • 28 February 2020

    BW LPG said it has exercised another option for the delivery and retrofitting of a further four dual-fuel LPG propulsion engines.

  • 9 July 2018

    Norway’s BW LPG, the world’s largest liquid petroleum gas shipping company, raised its previously announced offer to buy competitor Dorian LPG. The new offer represents a value of $8.67 per share of Dorian common stock based on BW LPG’s closing share price of  32.86 Norwegian Krone on July 6, 2018, BW LPG said in a statement […]

  • 11 May 2015

    BW LPG said that it has taken delivery of the very large gas carrier Berge Summit.