BW Group

  • News

BW Group takes majority stake in Epic Gas

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

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TMC compressors picked for newbuild VLCC duo

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

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DHT Holdings to acquire BW Group VLCC fleet

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

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BW Marine’s product tanker company plans Oslo IPO

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