BW LPG withdraws offer to buy Dorian After four months of courting, gas shipping company BW LPG has withdrawn its offer to buy competitor Dorian.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. Photo: BW LPG BY DANIEL LOGAN Published: 08.10.18 at 13:01 "Dear John." This is how BW Group Andreas Sohmen-Pao opens his letter to Dorian LPG CEO John Hadjipateras in which he withdraws BW LPG's acquisition bid. Already a subscriber? Log in. Read the whole article Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial. Access all locked articles Receive our daily newsletters Access our app First name: Last name: E-mail address: Password: I accept the terms and conditions An error has occured. Please try again later. Create trial Get full access for you and your coworkers. Start a free company trial today More from ShippingWatch Maersk tore up contract ahead of time – settles with dissatisfied customer A US port company demanded millions of dollars in compensation from Maersk, which had withdrawn from an agreement ahead of time. Now, the parties have agreed on a settlement behind closed doors. Star Bulk expects solid dry bulk demand after new major leap in results Dry bulk operator Star Bulk, spearheaded by CEO Petros Pappas, continues to profit from a market characterized by large demand and transport over long distances. Navigare enters offshore wind through significant investment In order to partake in the expected growth within offshore wind turbines, Navigare Capital Partners has made a considerable investment in five vessels for servicing of offshore wind projects. The new Seadrill reports operating profit following long restructure Rig company Seadrill, with strained financials after an extended downturn, reports black operating figures for the start of the year. The company came out of bankruptcy protection in February. Nina Østergaard Borris takes over as USTC's CEO Danish billionaire Torben Østergaard-Nielsen passes the position as CEO of USTC to his daughter Nina Østergaard Borris. ”A joint decision by the ownership,” Østergaard-Nielsen tells newspaper. Print Print Increase text size Increase text size Decrease text size Decrease text size Further reading IMO breakthrough on CO2 levy spurs optimism among carriers and NGOs This is how much EU's CO2 quotas will cost for a container from Asia to Europe Nordic shipowners hope for CO2 levy as soon as possible – Bimco is skeptical ECSA's new secretary general balances on a razor's edge MSC's order book corresponds to fifth-largest container carrier Related articles Dorian irritated by comments from BW LPG BW LPG's courtship of Dorian at standstill "This was probably my last turn as CEO"