ShippingWatch

Carsten Mortensen: We can grow BW Pacific on our own

BW Pacific has shelved its plans for an IPO on the Oslo Stock Exchange. The climate was just not right BW Group CEO Carsten Mortensen tells ShippingWatch. But he is not completely ruling out such a move.

The time was not right after all for an IPO of Singapore-based product tanker carrier BW Pacific, which has been on the road for the past two weeks to present its case to potential investors. But the plans have now been called off, informed the company on Friday.

BW Group CEO Carsten Mortensen stresses to ShippingWatch that BW Pacific has a strong financial footing in spite of the canceled IPO attempt, adding that even though an Oslo listing was not possible this time around, such a move could return as a possible scenario for the carrier:

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