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

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.

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 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.

Analysis: LPG market facing years of slower growth

The LPG market is facing a period of slower growth ahead of 2019, a period in which China will replace Japan and South Korea as the main driving force in the market, notes DVB Research in a new analysis.

BW LPG's profit takes big dive in 2016

Gas carrier BW LPG finished 2016 with a bottom line ten times lower than in 2015, due to the overall weaker LPG market. Management expects that the market will improve around a year from now.

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.

BW LPG exits Q3 with large deficit

Gas carrier BW LPG stayed in the deficit the carrier fell into in the second quarter this year. The negative result is attributed mainly to three factors.

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