ShippingWatch

Aurora_LPG

Read all the latest news about Aurora LPG. ShippingWatch gives you independent, credible, critical and fair news.

BW LPG now owns 92.7 percent of Aurora

Gas carrier BW LPG has secured a stake of 92.71 percent in Aurora LPG following an offer period. "We remain confident that the combination of BW LPG and Aurora LPG will create a stronger player in the challenging environment in the LPG shipping industry," says CEO Martin Ackermann.

Aurora pressures BW LPG to raise acquisition offer

After meetings with the board of Aurora, the world's largest owner of gas vessels, BW LPG, has raised its takeover offer for Aurora and has now secured support from shareholders representing more than 52 percent of the share capital.

Avance Gas sticks with acquisition strategy after BW offer

The door remains wide open to the executive office at Avance Gas if industry peers are looking for collaboration partners, CEO Christian Andersen tells ShippingWatch. He explains that the gas carrier is still looking for acquisitions even though BW LPG has made a bid for Aurora LPG.

Who is Aurora LPG's "mysterious" lender?

Norwegian gas carrier Aurora LPG has secured a new credit facility of USD 21 million, but the carrier's management withholds the name of the creditor and the conditions of the loan. Analyst firm Pareto Securities is puzzled and wonders who this "mysterious lender" is.

Aurora LPG eyes better days ahead after tough quarter

Norwegian gas carrier Aurora LPG took a hit from the low rates in the first half of 2016, but management points to signs that the crisis is temporary in nature and that rates could rebound to sustainable levels already this year.

LPG vessels had a short boom and a quick bust

The LPG vessels have entered a new phase which is in effect an elimination contest among the major players. Once the shipping industry's safest bet, plummeting rates and overcapacity have now altered the scenario completely, and only one of the major players looks set to outperform the rest.

Avance changes Aurora bid conditions

Avance Gas has changed the conditions in its takeover bid on competitor Aurora LPG. From needing a 90 percent approval from the shareholders, this has now been changed to 29 percent, informs Avance in a corporate statement.

Carriers kick off VLGC consolidation race

Norwegian gas carrier Aurora is now being courted by both Avance Gas and BW LPG - two of the biggest VLGC carriers in a market where the race to achieve consolidation now seems to be underway. Its Andersen versus Ackermann.

BW LPG picks up major stake in Aurora LPG

The BW group's expansive gas carrier BW LPG has acquired a 12.13 percent stake in Oslo-listed Aurora LPG, whose board of directors has just rejected a takeover bid from Avance Gas.

Aurora rejects Avance Gas takeover bid

Norwegian Aurora's board of directors is not satisfied with the bid from Avance Gas and thus recommends its shareholders to vote against the competitor's attempt at acquiring the carrier.

1 - 16 af 16

Latest news

Jobs

See all

See all