Search results for: BW Pacific

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  • 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 […]

  • 11 December 2014
    Business & Finance

    BW Pacific has signed shipbuilding contracts with STX Offshore and Shipbuilding Co. Ltd. (STX) for four Long Range 1 (LR1) product tankers today, 11 December 2014.  The agreement with STX includes options for additional vessels. The four firm newbuildings will be delivered in late 2016 and early 2017 and form part of the company’s fleet renewal […]

  • 13 November 2015
    Business & Finance

    Singapore-based product tanker owner and operator BW Pacific has decided not to go through with plans to list its common shares on the Oslo Stock Exchange and launch a USD 250 million initial public offering (IPO), citing current market conditions as the reason, without providing any detailed clarification. BW Pacific floated the idea of listing its stocks and launching the IPO on Oslo […]

  • 2 November 2015
    Business & Finance

    Oslo-listed product tanker owner and operator BW Pacific has resolved to launch the initial public offering on the Oslo Stock Exchange. Subject to approval of the listing application and successful completion of the Offering, the shares of BW Pacific are expected to be admitted to listing and commence conditional trading on the Oslo Stock Exchange […]

  • 26 April 2016
    Business & Finance

    Maritime companies BW LPG Limited and BW Pacific have found work for seven new vessels as the companies signed time charter deals with Japanese shipping firm Mitsui & Co. Ltd. Under the contracts, signed on April 22, three very large gas carriers (VLGCs) and four medium range (MR) product tankers will be deployed on time charters with marine transportation […]

  • 7 July 2017
    Business & Finance

    BW Group has through its subsidiary BW Pacific placed an order for up to eight Long Range 2 (LR 2) product tankers. The order, comprising six firm and two optional ships has been placed at South Korean Daehan Shipbuilding, according to BW Pacific’s CEO Tina Revsbech that confirmed the order to ShippingWatch. World Maritime News is yet […]

  • 19 October 2015
    Business & Finance

    Singapore-based product tanker owner and operator BW Pacific plans to launch an initial public offering (IPO) and listing of its common shares on the Oslo Stock Exchange by the end of 2015. The IPO and the listing are subject to receiving the relevant approvals from the Oslo Stock Exchange and favourable equity capital market conditions. Pre-marketing of the IPO […]

  • 19 October 2015
    Business & Finance

    Singapore-based product tanker owner and operator BW Pacific plans to launch an initial public offering (IPO) and listing of its common shares on the Oslo Stock Exchange by the end of 2015. The IPO and the listing are subject to receiving the relevant approvals from the Oslo Stock Exchange and favourable equity capital market conditions. Pre-marketing of the IPO […]

  • 19 March 2015
    Business & Finance

    South Korea’s STX Offshore & Shipbuilding has won an order from an unnamed Singapore-based shipping company, possibly BW Group, for two LR1 oil tankers. Through the new contract, the shipbuilder will add KRW 106 billion (USD 95 million) to its order book. The tankers are expected to be delivered to BW Pacific Ltd. between 2016 and 2017, […]

  • 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 […]

  • 25 October 2016
    Business & Finance

    Singapore-based product tanker owner and operator BW Pacific has entered into sale and leaseback agreements for two 72,800 dwt LR1 tankers, according to data provided by VesselsValue. BW Pacific’s spokesperson confirmed that this deal has taken place, but was not able to provide further comment. The vessels in question are reportedly the 2006-built Compass and Compassion […]

  • 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 […]

  • 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 […]

  • 25 September 2018
    Business & Finance

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

  • 26 October 2017
    Business & Finance

    Tank storage company Vopak has introduced a new concurrent bunkering services​ ​at​ ​its​ ​Sebarok​ ​terminal​ ​in​ ​Singapore. With the service, vessels calling at the company’s Sebarok terminal can receive bunkers from bunker barges while loading or discharging at the terminal, eliminating the shifting time to anchorages for bunkering and making the scheduling of bunker supply […]

  • 27 March 2019
    Storage

    The heavy-lift jack-up vessels Pacific Osprey and Innovation have transported and installed the offshore substation topside on the EnBW Albatros offshore wind farm in the German North Sea. Pacific Osprey had loaded the topside in Rotterdam. In the construction area, the Innovation lifted the topside on the monopile foundation. The Pacific Osprey will be jacked up […]

  • 17 April 2018
    Ports & Logistics

    Swire Blue Ocean’s wind turbine installation vessel Pacific Osprey has installed the first monopile foundation on the 497MW EnBW Hohe See offshore wind farm in the German North Sea.

  • 12 April 2018
    Ports & Logistics

    Offshore wind installation vessel Pacific Osprey is loading the first monopiles and transition pieces for the 497MW EnBW Hohe See offshore wind farm at the Port of Vlissingen in the Netherlands.

  • 12 April 2018
    Ports & Logistics

    Offshore wind installation vessel Pacific Osprey is loading the first monopiles and transition pieces for the 497MW EnBW Hohe See offshore wind farm at the Port of Vlissingen in the Netherlands.

  • 9 January 2019
    Business & Finance

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

  • 8 September 2010
    Business & Finance

    BW Offshore has settled all claims and counter-claims related to the terminated Letter of Intent for the Basker Manta Gummy (BMG) project. The settlement involves a cash payment of USD 32.5 million to BW Offshore, to be paid and booked in the third quarter of 2010. The court case is adjourned pending final payment. About […]

  • 11 May 2010

    BW Offshore has received an authorization to proceed with the completion of the FPSO OSX-1. The FPSO is owned by OSX and will operate for OGX on the Waimea oil field in the Campos Basin offshore Brasil. The scope of work includes among others topside modifications and the delivery of a Submerged Turret Production (STP) […]