Andreas Sohmen-Pao’s BW Group is on the acquisition trail again. Today it reported that it hadpurchased a 54.7% stake Epic Gas from key shareholders and launched an unconditional tender offer to acquire
MAY 15, 2017 — John Fredriksen controlled tanker owner Frontline Ltd (NYSE/OSE: FRO) is persisting with its efforts to gain control of DHT Holdings, Inc.(NYSE: DHT). Those who have been following ding
APRIL 26, 2017 — John Fredriksen controlled Frontline Ltd. (NYSE/OSE: FRO) reports that it has now made another offer for DHT Holdings, Inc. (NYSE: DHT) and DHT has reported that it has
APRIL 20, 2017 — DHT Holdings, Inc. (NYSE:DHT) today reported that it has taken delivery of the DHT Utik, the first of nine Very Large Crude Carriers (VLCCs) and two VLCC newbuild
APRIL 3, 2017 — Oslo, Norway, headquartered TMC Compressors (TMC) is to supply complete marine compressed air systems for two VLCCs currently under construction for Singapore-based BW Tankers, a subsidiary of the
MARCH 23, 2017 — DHT Holdings, Inc. (NYSE:DHT) is to acquire BW Group’s VLCC in a deal that will see BW Group own approximately 33.5% of DHT’s outstanding share capital and get
The IPO is expected to be launched during the fourth quarter of 2015., with pre-marketing starting this month.
The purpose of the IPO is to finance the company’s newbuilding program and to position it for future acquisitions and to take part in market consolidation.
BW Pacific currently owns a fleet of 33 vessels (17 owned LR1s and 16 owned MRs) and has a newbuilding orderbook of six LR1s and six MRs. The gross value of the fleet (including newbuildings) based on shipbroker valuations was US$ 1.6 billion at the end of third quarter 2015