Search results for: LPG

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  • 28 August 2015
    Business & Finance

    BW LPG Limited has decided not to exercise the option to purchase an equity interest in New York-listed liquefied petroleum gas shipping company Dorian LPG Ltd. On 20 July 2015, BW LPG was granted an option from a subsidiary of BW Group Limited, BW Euroholdings Limited, to purchase a total of 6 million shares (representing 10.2% […]

  • 28 August 2015
    Business & Finance

    BW LPG Limited has decided not to exercise the option to purchase an equity interest in New York-listed liquefied petroleum gas shipping company Dorian LPG Ltd. On 20 July 2015, BW LPG was granted an option from a subsidiary of BW Group Limited, BW Euroholdings Limited, to purchase a total of 6 million shares (representing 10.2% […]

  • 28 February 2020
    Business & Finance

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

  • 9 June 2017
    Business & Finance

    Liquefied petroleum gas shipping company Dorian LPG has entered into a USD 97 million bridge loan agreement with New York-based lender DNB Capital LLC. The Marshall Islands-incorporated company plans to use the proceeds of the loan to repay the remaining outstanding debt of USD 98.6 million under the secured bank debt facility with Royal Bank of […]

  • 17 April 2015
    Business & Finance

    Owner and operator of very large gas carriers (VLGC) BW LPG has enjoyed very favorable market conditions in 2014. The company has reaped the fruits of exceptionally high charter rates with its 2014 time charter equivalent income reaching  USD 539.2 million, 87% higher than 2013. 2014 EBITDA for the year was USD 340 million in 2014, 150% higher […]

  • 22 May 2015
    Business & Finance

    BW LPG, the world’s top very large gas carrier (VLGC) owner and operator, recorded a rise in profit, posting a net profit after tax of USD 57.3 million in Q1 2015 against USD 30.8 million in Q1 2014. The company’s operating revenue was USD 168 million in Q1 2015,  almost 16 million higher than in the same […]

  • 18 June 2018
    Business & Finance

    Dorian LPG has rejected a takeover bid from Singapore-based counterpart BW LPG.

  • 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 […]

  • 28 April 2020
    Vessels

    BW LPG, the world’s largest liquid petroleum gas shipping company, has adapted the LPG retrofit schedule for its Very Large Gas Carriers (VLGCs) to the prevailing market conditions leaving the ships to trade a bit longer in the strong near term market. “The four first retrofits are still planned to be completed this year, and […]

  • 10 February 2020
    Business & Finance

    BW LPG will retrofit a total of eight vessels with LPG propulsion technology.

  • 30 August 2018
    Business & Finance

    BW LPG signs contracts for the delivery and retrofitting of four LPG-propelled dual-fuel engines in its fleet.

  • 5 December 2016
    Business & Finance

    Singapore’s gas carrier owner BW LPG received acceptances for 3.42 percent of the share capital and voting rights in Oslo-listed Aurora LPG after it launched a voluntary unconditional tender offer for all the remaining shares in the company in late October. Following close of trading on December 2, 2016, BW LPG received acceptances under the offer […]

  • 21 January 2016
    Business & Finance

    Oslo-listed Aurora LPG Holding ASA has concluded a USD 200 million loan facility with ABN AMRO Bank N.V. (ABN) and Korea Eximbank (Kexim). The loan has been secured for four vessels under construction at South Korean shipbuilder Hyundai Heavy Industries, the Norwegian LPG tanker owner said. “With this loan the company is pleased to announce that […]

  • 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 […]

  • 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 […]

  • 14 June 2017
    Business & Finance

    Dorian LPG, Marshall Islands-incorporated owner and operator of very large gas carriers, closed the fiscal year ended March 31, 2017 with a net loss of USD 1.4 million, a major plunge from the net income of USD 129.7 million posted in the previous year. The firm’s adjusted net loss was USD 28.9 million, a decrease of […]

  • 17 July 2018
    Business & Finance

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

  • 11 September 2018
    Business & Finance

    Dorian LPG is continuing to explore the merger proposal from BW LPG.

  • 26 June 2018
    Business & Finance

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

  • 9 July 2018
    Business & Finance

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

  • 30 May 2018
    Business & Finance

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

  • 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. […]