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

Ackermann had his sights set on Epic Gas before BW Group's acquisition

BW LPG, headed by CEO Martin Ackermann, was considering picking up Epic Gas for itself. But it wound up being owner BW Group and Chairman Andreas Sohmen-Pao who after a few weeks of negotiations settled a deal. ShippingWatch has spoken to BW LPG and Epic Gas about the perspectives.

BW Group buys majority of Epic Gas

BW Group will acquire at least 51 percent of the shares in Epic Gas, which controls a fleet of 39 LPG ships. As such, BW buys up in the sector following last year's failed attempt to take over Dorian LPG.

Sidste uges bedste på ShippingWatch

Med flere store opkøb stjal tankmarkedet overskrifterne i sidste uge. Nordic Tankers får således ny ejer, mens både Evergas og BW Group har solgt skibe fra. Samtidig var der nyt om DFDS' bestræbelser forud for brexit og shippings omfattende brug af konkurrenceklausuler.

300 carriers own between one and five chemical tankers

The chemical tanker market is extremely fragmented, according to new figures following this week's deal between Nordic Tankers and BW Group. Several market players have stressed the need for consolidation for a long time.

Hafnia and BW Tankers merger in place within one month

One of the world's largest product tanker carriers will soon see the light of day. According to several sources speaking to ShippingWatch, the merger between Hafnia and BW Tankers is expected to be secured within the next few weeks.

Hafnia Tankers' new board of directors has been settled

BW Group has now officially entered the Hafnia Tankers board of directors after its acquisition of the Danish product tanker shipping company. Hafnia Tankers' CFO has also stepped down, while the work toward a merger with BW Tankers continues.

"This was probably my last turn as CEO"

In addition to BW Group CEO Carsten Mortensen stepping down, the 52 year old shipping man is also bidding farewell to chief executive positions after 14 years. ShippingWatch has interviewed him about his plans and experiences after heading the Singapore-based group for three hectic years.

BW's purchase of Hafnia shares could lead to two scenarios

BW Group's large acquisition of shares in Hafnia Tankers could lead to two paths, sources tell ShippingWatch. Very positive for Hafnia Tankers that BW Group becomes new majority shareholder in company, CEO Mikael Skov tells ShippingWatch.

Shipping top execs: We don't have answers for the CO2 targets right now

Maersk Group CEO, Søren Skou, acknowledges to ShippingWatch that Maersk's plan of action to meet the new CO2 targets by 2050 is far from complete. BW Group's chairman Andreas Sohmen-Pao (photo) describes the targets as "an opportunity and a risk" that everyone needs to take into account.

BW Group orders a series of new product tankers

BW Group is now entering the LR2 segment with an order for at least six new product tankers with an option for two more. CEO of BW Pacific, Tina Revsbech, confirms the order to ShippingWatch.

DHT's two CEOs are Norway's best paid chief execs

The tanker carrier's two CEOs each earn more respectively than the top chief execs from Norway's three largest companies combined, reports Dagens Næringsliv. Competitor Frontline, which has made repeated attempts to buy DHT, has previously criticized the carrier's salary costs.

Frontline abandons corporate acquisitions and bets on own fleet

John Fredriksen's crude oil tanker carrier Frontline has given up its efforts to buy its way to a position as the world's biggest player in its segment. For now at least. The carrier bets on the benefits from its own fleet renewal, CEO Robert Hvide Macleod tells ShippingWatch.

DHT and BW Group defy Fredriksen's block attempt

Frontline's attempt to stop DHT Holdings' purchase of BW Group's 11 super tankers does not bother DHT and BW Group. "We'll carry on as planned," both parties tell ShippingWatch. Access the New York Supreme Court decision here.

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