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BW LPG: We should not be too optimistic right now

BW LPG delivered a record result in 2015, but CEO Martin Ackermann is more subdued in regards to the coming year. "The whole world is under pressure so it's hard to be really optimistic right now," he says in an interview with ShippingWatch.

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.

Ackermann: Growing orderbook will normalize gas rates

BW LPG delivered an exceptional result in the third quarter, and scores of analysts are upgrading their forecasts for the gas carrier. But CEO Martin Ackermann is concerned about the number of newbuilding orders placed in recent months.

BW LPG beats expectations in third quarter

Gas carrier BW LPG delivered a result after taxes of USD 106.2 million in the third quarter, and the carrier thus surpassed analysts' expectations. Cryptic comments about next year.

BW Pacific establishes European office

Singapore-based BW Group, one of the world's biggest shipping groups, is boosting its European presence by opening an office in Copenhagen for its product tanker carrier BW Pacific.

Ackermann off to flying start as head of BW LPG

Martin Ackermann was recently appointed CEO of gas tanker giant BW LPG, the world’s largest owner of major gas tank vessels. He looks forward to growth markets in the future despite current low energy prices and turmoil in China, he tells ShippingWatch.

Ackermann i flyvende start i BW Groups gaskæmpe

Danske Martin Ackermann, netop tiltrådt som topchef i BW LPG, der er verdens største ejer af store gasskibe, ser ind i et vækstmarked mange år frem uanset lave energipriser og uro i Kina. Det fortæller han i et interview med ShippingWatch.

BW LPG: The challenge is a big fleet

BW LPG is growing with the acquisition of shares in Dorian LPG to become an even bigger VLGC player. One big challenge is the optimization of the entire fleet, says CEO Nicholas Gleeson to ShippingWatch.

BW LPG: Stor flåde er udfordringen

BW LPG vokser med opkøbet af aktier i Dorian LPG til en endnu større VLGC-spiller. Udfordringen er optimal udnyttelse af flåden, fortæller CEO Nicholas Gleeson til ShippingWatch.

Avance Gas: We are making super profits on VLGCs

With spot rates of over USD 100,000 per day, the market for the largest gas vessels seems invincible. The rates will decline, but even a significant drop would not be devastating, the CEO of Avance Gas tells ShippingWatch.

Avance: Vi får superprofit på vores gasskibe

Med spotrater på over 100.000 dollars om dagen synes markedet for de helt store gasskibe uovervindeligt. Raterne vil komme ned, men selv et markant fald vil ikke være ødelæggende, siger CEO for Avance Gas til ShippingWatch.

BW LPG: Best quarter for gas ever

A growing export of liquefied gas in the first months of 2015 triggered the best charter market ever, says BW LPG in its interim report Wednesday. The operating profit soared 56 percent.

BW LPG: Det bedste kvartal nogensinde i gas

Voksende eksport af flydende gas i de første måneder af 2015 udløste det bedste chartermarked nogensinde, skriver BW LPG i kvartalsregnskabet onsdag. Driftsresultatet i vejret med 56 procent.

Avance Gas: Strong VLGC the next 18 months

Avance Gas achieved a result of USD 23.8 million in the first quarter of the year. The massive VLGC orderbook is a challenge, but the market will remain strong for the next year and a half, CEO Christian Andersen tells ShippingWatch.

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