05/12/2014at 10:04

Scorpio puts Dorian LPG shares up for sale

Scorpio has now put its shares in gas carrier Dorian LPG up for sale. The same thing goes for four other major shareholders. This happens a few weeks after CEO Robert Bugbee left the carrier's board of directors. Avance Gas looks like an obvious buyer.

BY KATRINE GRØNVALD RAUN

Scorpio is pulling out of gas carrier Dorian LPG. This becomes clear after the aggressive carrier has put its shares in the company up for sale - Scorpio owns around one third of the carrier.

Already a subscriber?Log in here

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.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

BW LPG: Good times will continue another year
For subscribers
Robert Bugbee in surprise exit from gas carrier
For subscribers
Scorpio Tankers lost USD 1.2 million in 3rd quarter
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Front page now

Foto: China Stringer Network/Reuters/Ritzau Scanpix

Regulation

Shipping could become early victim of Taiwan conflict

Commercial shipping’s importance for global economy is a blind spot among US national security advisers, warns US expert.

For subscribers

Tanker

Russian oil could end up in tanks of European ships through simple maneuver

For subscribers

Container

Greek shipowners see much uncertainty ahead: "No one is able to predict the outcome"

For subscribers

Carriers

Norway's minister of finance affirms: No changes to carriers' tax benefits

For subscribers

Container

Maersk has called off the most voyages after drop in demand

Container

OOCL expects gradual container market recovery later in 2023

For subscribers

Shipping could become early victim of Taiwan conflict

Commercial shipping’s importance for global economy is a blind spot among US national security advisers, warns US expert.

For subscribers

Container

Maersk has called off the most voyages after drop in demand

A.P. Moller-Maersk tops the list of carriers that have pulled vessels off of shipping routes as a reaction to the declining market.

Tanker

Russian oil could end up in tanks of European ships through simple maneuver

Even though many shipowners would like to avoid Russian fuel in their ship tanks, it might still turn out that way due to a legal loophole in the EU sanctions.

For subscribers