BW LPG today has said that it will not exercise its option to purchase 6 million shares in Dorian LPG, purchased in July by another BW Group subsidiary, BW Euroholdings.
BW Euroholdings acquired the shares from Scorpio Tankers in July in a $92m deal, and granted BW LPG the option to purchase them.
Dorian LPG is listed in New York and owns a fleet of nine VLGC with another 13 set to deliver this year and next.