Marine and Shipbuilding Monthly Journal
Seoul Ra-11997(ISSN: 2005-3061)



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    BW LPG takes delivery of BW Mindoro and BW Messina [Jan 2017] BW LPG Limited (“BW LPG”) has today taken delivery of BW Mindoro and BW Messina, the final two of four Very Large Gas Carriers (VLGCs) in its newbuilding program from Daewoo Shipbuilding and Marine Engineering (DSME). Concurrently, BW LPG has concluded a sale and leaseback agreement for VLGC BW Messina.
    ......................................................................................................[Previous press releases 2016]
    BW Broker loads first commissioning cargo from new P66 Terminal [Nov 2016] BW LPG’s Very Large Gas Carrier, BW Broker loads the first commissioning cargo from the new P66 Freeport LPG Export Terminal. BW Broker was nominated to load the first commissioning cargo as a result of collaborative discussions between BW LPG, P66 terminal and technical personnel involved.
    Amended offer terms and update on the voluntary offer for Aurora LPG Holding [Oct 2016] Reference is made to the stock exchange announcement dated 20 September 2016 regarding the acquisition by BW LPG Holding Limited, a wholly owned subsidiary of BW LPG Limited ("BW LPG"), of shares in Aurora LPG Holding ASA ("Aurora LPG") and the decision by BW LPG to launch a voluntary tender offer
    Acquisition of shares in Aurora LPG Holding and decision to launch voluntary offer [Sep 2016] BW LPG Limited, hereby announces that on 19 September 2016, BW LPG Holding Limited, a wholly owned subsidiary of BW LPG, acquired 877,813 shares (2.96%) in Aurora LPG Holding ASA ("Aurora LPG"). Following this acquisition, BW LPG Holding Limited owns 9,730,654 shares in Aurora LPG, corresponding to 32.79%
    Appointment of Commercial Senior Vice President [Jun 2016] The Company is pleased to announce the appointment of Mr. Niels Rigault as Senior Vice President, Commercial of BW LPG Limited. Mr. Rigault is currently Partner at Shipbrokers Inge Steensland. He will take up his new role at BW LPG in Singapore once his contractual commitments have been finalised.
    BW LPG announces a sale and leaseback arrangement and two timecharter-in agreements [Apr 2016] BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG”) has concluded a sale and leaseback agreement with Nissen Kaiun Co. Ltd. for its last VLGC newbuilding under construction at Daewoo Shipbuilding and Marine Engineering.
    ......................................................................................................[Previous press releases 2015]
    BW LPG has acquired a 12.13% stake in Aurora LPG [Dec 2015] BW LPG Limited acquired 3,069,185 shares in Aurora LPG Holding ASA (“Aurora LPG” or the “Company”), representing 10.34% of the outstanding shares in the Company (the “Transaction”). As a result of the Transaction, BW LPG now holds a total of 3,598,959 shares in Aurora LPG, representing 12.13% of the outstanding shares in the Company.
    BW LPG wins Lloyd's List Asia Humanitarian Award [Oct 2015] BW LPG has won the Humanitarian Award at the Lloyd’s List Asia awards presented last night at the Fullerton Hotel Singapore. This award is newly introduced to recognise individuals, companies and groups which have saved lives by engaging in rescues and diversions, sometimes at great risk.
    BW LPG takes delivery of BW Orion [Oct 2015] BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG”) is pleased to announce that it has today taken delivery of BW Orion, the sixth Very Large Gas Carrier (VLGC) in its newbuilding programme of eight VLGCs from Hyundai Heavy Industries. Including the BW Orion, the Company has a fleet of 40 vessels, comprising 27 owned VLGCs,
    BW LPG has made an announcement, "Mandatory notification of trade" on its website. [Sep 2015] Martin Ackermann, Chief Executive Officer of BW LPG Limited, has purchased 5,000 shares on 29th September 2015 at a price of NOK 53.40 per share. Following this transaction, Mr Ackermann holds 10,207 shares in BW LPG Limited. Elaine Ong, Chief Financial Officer of BW LPG Limited,
    BW LPG - Option to Acquire Shares in Dorian [Jul 2015] BW Euroholdings Limited, a wholly owned subsidiary of BW Group Limited, has today announced its purchase of a total of 6,000,000 shares in New York Stock Exchange listed Dorian LPG Ltd (”Dorian”), constituting approximately 10.2% of the total number of shares outstanding in Dorian. The price per share paid by BW Euroholdings Limited is
    Appointment of new CFO for BW LPG [May 2015] The Company is pleased to announce the appointment of Ms. Elaine Ong as the Chief Financial Officer of BW LPG Limited ("BW LPG", the "Company", OSE ticker code: "BWLPG"). Ms. Ong is currently the Senior Vice President, Finance of BW Group. She will take up her new role at BW LPG in Singapore formally by mid-July, with Martin Ackermann joining as CEO on 1st August.
    BW LPG - Annual General Meeting approves dividend of one dollar and fifteen cents (USD 1.15) per share [May 2015] The Annual General Meeting of BW LPG Limited today adopted all the items as proposed on the agenda, including the proposal to distribute a final cash dividend of one USD and fifteen cents (USD 1.15) per share. The dividend will be paid on or around 29 May 2015
    New CEO for BW LPG will join effective 1st August 2015 [May 2015] With reference to the announcement made on 12 March 2015, BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG”) is pleased to announce that Mr. Martin Ackermann will assume the role of Chief Executive Officer of BW LPG with effect from 1st August 2015. BW LPG's current CEO, Mr. Nicholas Gleeson,
    BW LPG exercises purchase option on Berge Summit [Apr 2015] BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG) exercises purchase option over Very Large Gas Carrier ('VLGC') Berge Summit. The VLGC Berge Summit has been on a bareboat charter with BW LPG since 2004. The Berge Summit was built in 1990 at Mitsubishi Heavy Industries, Nagasaki Shipyard, and has a capacity
    BW LPG announces delivery of BW Leo [Apr 2015] BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG”) is pleased to announce that it has today taken delivery of BW Leo, the fourth Very Large Gas Carrier (VLGC) in its newbuilding programme of eight VLGCs from HHI. In addition, BW LPG has recently acquired a four VLGC newbuilding programme from DSME.
    BW LPG Annual Report 2014: Expanding Horizons [Apr 2015] BW LPG is pleased to present its 2014 Annual Report. Users can read and download the report at http://www.bwlpg.com/investor-centre/annual-report In his letter CEO Nicholas Gleeson commented, “BW LPG has achieved excellent operational and financial outcomes in 2014,
    BW LPG enters into ship building contracts for four new building VLGCs, previously reserved [by DSME’s existing client] [Apr 2015] BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG”) is pleased to announce that it has today entered into ship building contracts for four Very Large Gas Carrier (VLGC) newbuildings with Daewoo Shipbuilding and Marine Engineering (DSME).
    BW LPG announces re-delivery of VLGC Gas Capricorn [Mar 2015] BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG”) has re-delivered the VLGC Gas Capricorn in accordance with the terms of the charter party. The vessel was under a charter-in acquired from AP Moller-Maersk in 2013 and did not have a purchase option attached.
    BW LPG announces delivery of Vermilion First [Mar 2015] BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG”) is pleased to announce that it has today taken delivery of the Very Large Gas Carrier (‘VLGC’) Vermilion First to be renamed, BW Sakura. BW LPG had exercised the purchase option on the vessel on 2 March 2015. Nicholas Gleeson, CEO of BW LPG commenting on the purchase said,
    BW LPG announces delivery of BW Gemini [Mar 2015] BW LPG Limited is pleased to announce that it has today taken delivery of BW Gemini, the third Very Large Gas Carrier (VLGC) in its newbuilding program of eight VLGCs. The BW Gemini is part financed by the USD 400 million loan facility agreement signed in February with KEXIM, DNB and SEB, as lending banks.
    BW LPG Limited announces financing program for seven VLGC newbuildings [Feb 2015] BW LPG Limited announced today that it has signed a Facility Agreement for a debt facility of up to USD400 million for financing seven of its VLGC newbuildings. The financing has been raised from The Export-Import Bank of Korea (“KEXIM”) as Export Credit Agency (ECA) lender, with DNB Asia Limited (“DNB”)
    ......................................................................................................[Previous press releases 2014]
    BW Pavilion LNG names two Singapore-flagged LNG newbuildings: BW Pavilion Vanda and BW Pavilion Leeara [Dec 2014] BW Pavilion LNG Pte. Ltd., a joint venture (JV) between BW Group and Pavilion Energy, held a shipnaming ceremony today at Hyundai Heavy Industries Shipyard for two Singapore-flagged LNG newbuildings, the BW Pavilion Vanda and BW Pavilion Leeara.
    BW LPG exercises two VLGC options with Hyundai Heavy Industries [Feb 2014] BW LPG는 2016년 상반기에 인도 될 2척의 VLGCs의 건조를 위해 현대중공업에 옵션을 행사-BW LPG has exercised its options for the construction of two Very Large Gas Carriers (VLGCs) at Hyundai Heavy Industries, to be delivered in the first half of 2016. This decision reflects BW LPG's confidence in deploying newbuild assets efficiently to deliver accretive value,
    [Jan 2014]: BW LPG Confirms Delivery of Two VLGCs from HHI
    BW LPG refers to its previous announcement dated 24 December 2013 and is pleased to confirm the advanced delivery of two Very Large Gas Carrier (VLGC) newbuilds from Hyundai Heavy Industries. All required documentation is fully signed, and delivery is now expected in August and October 2015. In connection with the advancement,
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