Aurora LPG forms JV with Wilhelmsen Ship Management

Aurora LPG forms JV with Wilhelmsen Ship Management

The increasing trend by shipowners to form management joint ventures with third parties has seen Aurora LPG and Wilhelmsen Ship Management join forces to take care of the former’s VLGC fleet.

The JV company will be based in Hong Kong, and is a further sign that senior management at Aurora is distancing itself from merger talk led by Avance Gas. Oslo-listed Avance Gas, which failed last year to take over Dorian LPG, made a bid for Aurora LPG last month.

Shipmanagers forming JVs with owners is becoming common within the industry. Earlier this year Wilhelmsen Ship Management formed a similar venture to its Aurora LPG one with Greece’s Diana Shipping.

 

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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