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Dorian shares not an option for BW LPG

Photo of Grant Rowles Grant RowlesAugust 28, 2015
5 Less than a minute

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.

Photo of Grant Rowles Grant RowlesAugust 28, 2015
5 Less than a minute
Photo of Grant Rowles

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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