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

Ackermann keeps his eyes open for acquisitions

BW LPG Chief Executive Martin Ackermann reiterates that the shipping company is ready to act if opportunities arise for acquisitions and mergers. But the company can also grow on its own, he says.

Dorian LPG venter mere balanceret VLGC-marked

Dorians andet kvartal gav et underskud på bundlinjen, men "markedet er blevet mere balanceret", lyder det fra ledelsen. Samtidig sætter rederiet beløb på, hvad de kuldsejlede forhandlinger med BW LPG har kostet.

BW LPG withdraws offer to buy Dorian

After four months of courting, gas shipping company BW LPG has withdrawn its offer to buy competitor Dorian. A lost opportunity for shareholders and the sector, says BW Chairman Andreas Sohmen-Pao.

Dorian irritated by comments from BW LPG

What was likely intended to be an icebreaker in the frozen contact between BW LPG and Dorian seems to have had the opposite effect. Dorian is irritated by statements made by BW LPG Chief Executive Martin Ackermann to media, including ShippingWatch.

BW LPG's courtship of Dorian at standstill

BW LPG has been trying for months to buy competitor Dorian. But even a higher second offer was met with nothing but silence. "We're sitting here hoping for a response," BW LPG Chief Executive Martin Ackerman tells ShippingWatch.

Deficit grows at BW LPG

The ongoing weak rates for the LPG segment were apparent in the second quarter report from BW LPG, which saw a profit three times larger than in the second quarter of 2017.

BW LPG nominates three candidates for Dorian's board

The gas carrier and its CEO Martin Ackermann are going directly to Dorian's shareholders, nominating three candidates for Dorian's Board of Directors. There are already experienced and "highly qualified" people on our Board, Dorian replies.

Major stakeholder in Dorian speaks up

One of the founders of gas carrier Dorian LPG now talks openly about a merger with BW LPG, which has placed an offer on Dorian several times. Markets help those who help themselves, says Executive Chairman of major stakeholder Seacor.

Dorian declines BW LPG's new proposal

Dorian declines BW LPG's latest takeover proposal, writes the company in a notice. The gas shipping company's executive team is focusing on something else entirely.

BW LPG sends new merger plea to rival Dorian

"We were surprised that Dorian’s Board of Directors rejected our proposal without giving us the opportunity to engage in a discussion," says BW LPG Chief Executive Martin Ackermann.

Dorian LPG reports large deficit

Dorian LPG, which competitor BW LPG is looking to acquire, reports a significant deficit for the year 2017/2018. The shipping company does not mention the takeover bid in its financial report.

BW LPG goes on the offensive with bid for Dorian

BW LPG seeks to distance itself further from the competition with an acquisition of US-based Dorian LPG. The transaction, which totals USD 1.1 billion, would make BW the leading stock in the market, CEO Martin Ackermann tell ShippingWatch.

BW grows stake in Dorian LPG

Singapore-based BW Group has increased its ownership stake in Dorian LPG with a new purchase of shares, writes Tradewinds.

BW LPG reduced its deficit

The LPG carrier finished the third quarter with a stronger result than in the same period last year, though the Oslo-listed gas carrier still suffered a deficit. Rising rates in the fourth quarter bode well for the market.

Ackermann doubts that another golden age is nigh for large gas tankers

The market for Very Large Gas Carriers is currently around the OPEX level for carriers and it is doubtful if the vessels will ever return to the record levels of 2014 and 2015, says Martin Ackermann, CEO of BW LPG, to ShippingWatch. "A cautious guess is that we'll see improvement in 2018."

BW LPG hit by cancellations in the US

Many cancellations of cargo in the US made their mark on the large gas vessels in the second quarter in which BW LPG booked a net deficit of USD 7 million.

BW LPG forms joint venture in India

Gas carrier BW LPG will increase its presence in India with a new joint venture. The partnership provides growth opportunities and a stronger foundation in one of the world's biggest LPG markets, says CEO.

DHT's takeover of BW Group's VLCC fleet is complete

DHT Holding has completed its acquisition of BW Group's fleet of nine VLCCs together with contracts on two VLCCs. "Our fleet has been expanded by 50 percent at what we think is an opportune time in the cycle," says management.

Depressed rates hit BW LPG in Q1

The world's biggest LPG carrier left the first quarter with a significantly reduced result compared to the same period 2016. The pressure on rates will continue into the second quarter.

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