Diskusjon Triggere Porteføljer

BW LPG (BWLPG) 🚢

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Starter en tråd om BW LPG LTD (BWLPG.OL) siden en del har den i favoritt-listen eller i porteføljen sin :slight_smile:

BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. The company conducts its operations through Very Large Gas Carriers (VLGCs) and Large Gas Carriers (LGCs) segments.

It is involved in the transportation of liquefied petroleum gas (LPG) to oil companies, and trading and utility companies. As of February 27, 2017, BW LPG Limited owned and operated a fleet of 55 VLGCs and LGCs with a total carrying capacity of 4.

5 million cbm. The company was formerly known as BW Gas LPG Holding Limited and changed its name to BW LPG Limited in September 2013.

BW LPG Limited was founded in 1935 and is based in Singapore.

La oss starte diskusjonen! @kunta @thorj @Manjana @labtoy @Gheno @Paulinho @oppnedfram @iorg1 @feilinvesteringer @Markusf @pdx

Ikke lenge før det blir skikkelig short skvis. Kan eksplodere når som helst.

BW LPG’s Q1 2018 Financial Results Presentation to be held on 30 May 2018

(Singapore, 23 May 2018)

In connection with its first quarter 2018 earnings release, BW LPG Limited (“BW
LPG”, the “Company”, OSE ticker code: “BWLPG”) will hold an investor
presentation with Martin Ackermann (CEO) and Elaine Ong (CFO). The details are
as follows.

Date: Wednesday, 30 May 2018
Time:
Oslo, Norway 14:00 hrs CET
New York, USA 08:00 hrs EST
Singapore, Singapore 20:00 hrs SGT

The investor presentation will be available via audio webcast which can be
accessed at
https://edge.media-server.com/m6/p/7u99akn4.

The webcast will be available on BW LPG’s website, www.bwlpg.com as soon as
possible after the presentation.

Please dial in 10-15 minutes prior to the scheduled start time with the
respective telephone numbers and confirmation code provided below.

Confirmation Code: 88614737#

Country Toll-Free Toll
Argentina 0800-3330-364
Australia 1800-056-506 +61 292-535-921
Austria 0800-677-949
Belgium 800 734-81
Brazil 0800-892-3756
Canada 1866-310-4989 +1 416-216-4197
Chile 12300207477
China 8009 880 563 400-821-0637
Colombia 01800-518-4103
Cyprus 800-9403-6
Czech (Rep) 800-701- 618 +420 225-439-718
Denmark 80-400-018
Finland 0800-773-555 +358 98-171-0506
France 0805-631-898 +33 170-750-777
Germany 0800-724-5638 +49 69 1380 3499
Greece 00 800-3315-3438
Hungary 06 800-196-09
India 1800 266 0598 +91 22-621-925-09
+91 22-618-752-28
Indonesia 007-803-331-4946
Ireland 1800-710-241
Israel 180-921-3131
Italy 800-145-820 +39 023-601-3833
Japan 0800-805-0690 +81 344-559-591
Korea, Republic of 00798-8521-7398 +82 70-4732-0201
Luxembourg 800-289-19
Macao +853 6262-1475
Malaysia 1800-877-438 +60 320-531-819
Mexico 01800-269-6203
Netherlands +31 207-095-122
New Zealand 0800-452-655
Norway 8006-2288
Philippines 1800-1110-2448 +63 2 231 3561
1800-1855-0250
Poland 00800-1215 -611
Portugal 800-600-090
Russian Federation 8 800-500-9823
Saudi Arabia 800-814-3594
Singapore 800-120-6853 +65 6408-5782
Slovakia 0800-500-819
South Africa 0800-111-447 +27216724124
Spain 800-600-668 +34 91-215-3081
Sweden 020-794-386 +46 856-642-633
Switzerland 0800-800-732
Taiwan 0800-231-362 +886 2-8723-0822
Thailand 001-800-011-122
Turkey 00800-142-077-788
UAE 800-035-702-699
UK 0800-026-1542 +44 203-194-0569
USA 1855-824-5644 +1 646-722-4977
Vietnam 120-117-19 +84 24 4458 3376

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
BW LPG Limited
Tel: +65 6705 5506
E-mail: [email protected]

About BW LPG

BW LPG is the world’s leading owner and operator of LPG vessels, owning and
operating Very Large Gas Carriers (VLGC) and Large Gas Carriers (LGC) with a
total carrying capacity of over 4 million cbm. With four decades of operating
experience in LPG shipping and experienced seafarers and staff, BW LPG offers a
flexible and reliable service to customers. More information about BW LPG can be
found at www.bwlpg.com.

BW LPG is associated with BW Group, one of the world’s leading shipping groups.
BW’s fleet of over 160 vessels includes refined oil tankers, LNG and LPG
carriers, floating storage and regasification (FSRU) units, chemical tankers,
dry cargo carriers and floating production storage and offloading (FPSO) units.

This information is subject to disclosure requirements pursuant to Sections 4-2
and 5-12 of the Norwegian Securities Trading Act.

Ekstern link: http://www.newsweb.no/index.jsp?messageId=451808

Nyheten er levert av OBI.

http://www.netfonds.no/quotes/release.php?id=20180522.OBI.20180522S2

BW LPG’s Q1 2018 Financial Results Presentation to be held on 30 May 2018

(Singapore, 23 May 2018)

In connection with its first quarter 2018 earnings release, BW LPG Limited (“BW
LPG”, the “Company”, OSE ticker code: “BWLPG”) will hold an investor
presentation with Martin Ackermann (CEO) and Elaine Ong (CFO). The details are
as follows.

Date: Wednesday, 30 May 2018
Time: Oslo, Norway 14:00 hrs CET
New York, USA 08:00 hrs EST
Singapore, Singapore 20:00 hrs SGT

The investor presentation will be available via audio webcast which can be
accessed at https://edge.media-server.com/m6/p/7u99akn4.

The webcast will be available on BW LPG’s website, www.bwlpg.com as soon as
possible after the presentation.

Please dial in 10-15 minutes prior to the scheduled start time with the
respective telephone numbers and confirmation code provided below.

Confirmation Code: 88614737#

Country Toll-Free Toll
Argentina 0800-3330-364
Australia 1800-056-506 +61 292-535-921
Austria 0800-677-949
Belgium 0800 734-81
Brazil 0800-892-3756
Canada 1866-310-4989 +1 416-216-4197
Chile 12300207477
China 8009 880 563 400-821-0637
Colombia 01800-518-4103
Cyprus 800-9403-6
Czech (Rep) 800-701- 618 +420 225-439-718
Denmark 80-400-018
Finland 0800-773-555 +358 98-171-0506
France 0805-631-898 +33 170-750-777
Germany 0800-724-5638 +49 69 1380 3499
Greece 00 800-3315-3438
Hungary 06 800-196-09
India 1800 266 0598 +91 22-621-925-09
+91 22-618-752-28
Indonesia 007-803-331-4946
Ireland 1800-710-241
Israel 180-921-3131
Italy 800-145-820 +39 023-601-3833
Japan 0800-805-0690 +81 344-559-591
Korea, Republic of 00798-8521-7398 +82 70-4732-0201
Luxembourg 800-289-19
Macao +853 6262-1475
Malaysia 1800-877-438 +60 320-531-819
Mexico 01800-269-6203
Netherlands +31 207-095-122
New Zealand 0800-452-655
Norway 8006-2288
Philippines 1800-1110-2448 +63 2 231 3561
1800-1855-0250
Poland 00800-1215 -611
Portugal 800-600-090
Russian Federation 8 800-500-9823
Saudi Arabia 800-814-3594
Singapore 800-120-6853 +65 6408-5782
Slovakia 0800-500-819
South Africa 0800-111-447 +27216724124
Spain 800-600-668 +34 91-215-3081
Sweden 020-794-386 +46 856-642-633
Switzerland 0800-800-732
Taiwan 0800-231-362 +886 2-8723-0822
Thailand 001-800-011-122
Turkey 00800-142-077-788
UAE 800-035-702-699
UK 0800-026-1542 +44 203-194-0569
USA 1855-824-5644 +1 646-722-4977
Vietnam 120-117-19 +84 24 4458 3376

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
BW LPG Limited
Tel: +65 6705 5506
E-mail: [email protected]

About BW LPG
BW LPG is the world’s leading owner and operator of LPG vessels, owning and
operating Very Large Gas Carriers (VLGC) and Large Gas Carriers (LGC) with a
total carrying capacity of over 4 million cbm. With four decades of operating
experience in LPG shipping and experienced seafarers and staff, BW LPG offers a
flexible and reliable service to customers. More information about BW LPG can be
found at www.bwlpg.com.

BW LPG is associated with BW Group, one of the world’s leading shipping groups.
BW’s fleet of over 160 vessels includes refined oil tankers, LNG and LPG
carriers, floating storage and regasification (FSRU) units, chemical tankers,
dry cargo carriers and floating production storage and offloading (FPSO) units.

This information is subject to disclosure requirements pursuant to Sections 4-2
and 5-12 of the Norwegian Securities Trading Act.

Ekstern link: http://www.newsweb.no/index.jsp?messageId=451907

Nyheten er levert av OBI.

http://www.netfonds.no/quotes/release.php?id=20180523.OBI.20180523S2

BW LPG’s Q2 2018 Financial Results Presentation to be held on 30 August 2018

(Singapore, 24 August 2018)

BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG”) will release
its second quarter 2018 results at approximately 1200hrs CET on 30 August 2018.
In connection with its second quarter 2018 earnings release, BW LPG will hold an
investor presentation with Martin Ackermann (CEO) and Elaine Ong (CFO). The
details are as follows:

Date: Thursday, 30 August 2018

Location Local Time Universal Time
Oslo, Norway 1400hrs CET UTC + 2 hours
New York, USA 0800hrs EST UTC - 5 hours
Singapore 2000hrs SGT UTC + 8 hours

The investor presentation will be available via audio webcast which can be
accessed at https://edge.media-server.com/m6/p/9gszo8nj.

The webcast will be available on BW LPG’s website, www.bwlpg.com, as soon as
possible after the presentation.

Please dial in 10-15 minutes prior to the scheduled start time with the
respective telephone numbers and confirmation code provided below.

Confirmation Code: 79471582#

Country Toll-Free Toll
Norway 8006-2288
USA 1855-824-5644 +1 646-722-4977
Singapore 800-120-6853 +65 6408-5782
UK 0800-026-1542 +44 203-194-0569
Australia 1800-056-506 +61 292-535-921
Austria 0800-677-949
Belgium 800 734-81
Canada 1866-310-4989 +1 416-216-4197
China 8009 880 563 400-821-0637
Cyprus 800-9403-6
Denmark 80-400-018
Finland 0800-773-555 +358 98-171-0506
France 0805-631-898 +33 170-750-777
Germany 0800-724-5638 +49 69 1380 3499
Greece 00 800-3315-3438
Japan 0800-805-0690 +81 344-559-591
Korea, Republic of 00798-8521-7398 +82 70-4732-0201 Luxembourg 800-289-19
Macao +853 6262-1475
Malaysia 1800-877-438 +60 320-531-819
Mexico 01800-269-6203
Netherlands +31 207-095-122
Portugal 800-600-090
Spain 800-600-668 +34 91-215-3081
Sweden 020-794-386 +46 856-642-633 Switzerland 0800-800-732

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
BW LPG Limited
Tel: +65 6705 5506
E-mail: [email protected]

Iver Baatvik
Head of Investor Relations
BW LPG Limited
Tel: +65 6705 5519
E-mail: [email protected]

About BW LPG

BW LPG is the world’s leading owner and operator of LPG vessels, owning and
operating Very Large Gas Carriers (VLGC) and Large Gas Carriers (LGC) with a
total carrying capacity of over 4 million cbm. With four decades of operating
experience in LPG shipping and experienced seafarers and staff, BW LPG offers a
flexible and reliable service to customers. More information about BW LPG can be
found at www.bwlpg.com.

BW LPG is associated with BW Group, one of the world’s leading shipping groups.
BW’s fleet of over 180 vessels includes oil tankers, LNG and LPG carriers,
floating storage and regasification (FSRU) units, chemical tankers, dry cargo
carriers and floating production storage and offloading (FPSO) units.

This information is subject to disclosure requirements pursuant to Section 5-12
of the Norwegian Securities Trading Act.

Ekstern link: http://www.newsweb.no/index.jsp?messageId=458017

Nyheten er levert av OBI.

http://www.netfonds.no/quotes/release.php?id=20180824.OBI.20180824S3

Q2 2018 - Condensed Consolidated Interim Financial Information for Second Quarter 2018

(Singapore, 30 August 2018)

  • VLGC TCE rates averaged US$14,800 per day
  • TCE income of US$61.2 million, EBITDA of US$8.1 million and loss after tax of
    US$27.1 million, resulting in a loss per share of US$0.20
  • BW Denise was sold and BW Havis was recycled in April 2018
  • Proposal to combine with Dorian LPG was enhanced from 2.05 to 2.12 BW LPG
    shares for each Dorian LPG share.
  • Entered into contracts to retrofit dual-fuel LPG propulsion engines on four
    VLGCS, including future options.

EBITDA for the second quarter amounted to US$8.1 million (Q2 2017: US$39.6
million), a decrease of US$31.5 million from the same quarter last year mainly
due to the decline in LPG spot earnings and a smaller fleet size.

Loss after tax for the quarter amounted to US$27.1 million (Q2 2017: loss after
tax of US$7.0 million), primarily due to the decline in LPG spot earnings and a
smaller fleet size.

The VLGC market remained weak in the second quarter as inventory restocking in
the U.S. ahead of winter resulted in lower exports. VLGC rates averaged roughly
US$22.0 per ton on the benchmark Baltic route in April before recovering
slightly to US$27.0 per ton in May and US$30.4 per ton in June as increased
fixing activity coupled with improved arbitrage economics and limited discounted
trader relets provided some support on VLGC rates.

BW Denise was sold, and BW Havis was recycled in April 2018, generating US$13
million in liquidity.

On 29 May 2018, BW LPG proposed to combine with Dorian LPG in an all-stock
transaction. Subsequently on 9 July 2018, BW LPG increased the all-stock
proposal to combine with Dorian LPG from 2.05 to 2.12 BW LPG shares for each
Dorian LPG share. The transaction is valued at US$1.1 billion.

On 30 August 2018, BW LPG entered into contracts to retrofit dual-fuel LPG
propulsion on four VLGCS, including future options. With the world’s first
LPG-fuelled engines, BW LPG continues its emphasis on reducing global emissions
and promoting a fuel-efficient alternative for the shipping industry.

Please see attachments for the full quarterly report and presentation.

1 BW LPG Financial Results Presentation Q2 2018
2 BW LPG Q2 2018 Condensed Consolidated Interim Financial Information

BW LPG will host an investor presentation of the financial results at 14:00hrs
CET today. The investor presentation will be made by Martin Ackermann (CEO) and
Elaine Ong (CFO).

The investor presentation will be available via audio webcast which can be
accessed at https://edge.media-server.com/m6/p/9gszo8nj. The webcast will be
available on BW LPG’s website, www.bwlpg.com as soon as possible after the
presentation.

For further information, please contact:
Elaine Ong, CPA, CA
Chief Financial Officer
BW LPG Limited
Tel: +65 6705 5506
E-mail: [email protected]

Iver Baatvik
Head of Investor Relations
BW LPG Limited
Tel: +65 6705 5519
E-mail: [email protected]

About BW LPG
BW LPG is the world’s leading owner and operator of LPG vessels, owning and
operating Very Large Gas Carriers (VLGC) and Large Gas Carriers (LGC) with a
total carrying capacity of over 4 million cbm. With four decades of operating
experience in LPG shipping and experienced seafarers and staff, BW LPG offers a
flexible and reliable service to customers. More information about BW LPG can be
found at www.bwlpg.com.

BW LPG is associated with BW Group, one of the world’s leading shipping groups.
BW’s fleet of over 180 vessels includes oil tankers, LNG and LPG carriers,
floating storage and regasification (FSRU) units, chemical tankers, dry cargo
carriers and floating production storage and offloading (FPSO) units.

This information is subject to disclosure requirements pursuant to Section 5-12
of the Norwegian Securities Trading Act.

Ekstern link: http://www.newsweb.no/index.jsp?messageId=458398

Nyheten er levert av OBI.

http://www.netfonds.no/quotes/release.php?id=20180830.OBI.20180830S47

BW LPG announces world’s first retrofitting of four LPG-propelled dual-fuel engines in next-generation, high-tech green ships

(Singapore, 30 August 2018)

BW LPG announced today that it has signed contracts including future options for
the delivery and retrofitting of four LPG-propelled dual-fuel engines in its
fleet, in a world’s first initiative. BW LPG expects the first retrofitting to
take place in conjunction with scheduled drydockings starting 2020.

Says Martin Ackermann, BW LPG CEO, “BW LPG has been preparing for IMO 2020 for
years and today, I am pleased to announce that we have signed contracts for the
delivery and retrofitting of four LPG-propelled dual-fuel engines. We will be
the global pioneer in operating next-generation, high-tech green ships with
dual-fuel propulsion. Responsible operations and profitability are not
conflicting goals - rather, they are preconditions for each other. This
retrofitting is just one way in which we ensure that our shareholders invest in
a forward-looking company that positions itself well for future challenges.”

With LPG propulsion, BW LPG will reduce its sulphur oxide emissions by up to 97
percent, allowing for full compliance with all current and future sulphur
emissions requirements. This means the retrofitted ships, when operating on LPG,
will go beyond IMO’s global 0.5% sulphur emissions cap to also be in full
compliance with Emission Control Areas (ECA) and Sulphur Emission Control Areas’
(SECA) 0.1% sulphur cap. In addition, with LPG fuel, BW LPG will reduce
emissions of particulate matters by ~90 percent, greenhouse gases by ~25
percent, and nitrogen oxides by ~20 percent. Above and beyond compliance, BW LPG
is proud to move the maritime industry a step towards a cleaner future.

LPG as a marine fuel offers efficiency gains on many fronts. Output efficiencies
will improve by ~11 percent with LPG when compared with compliant fuels. This
means that we capture significant improvements in total voyage fuel economics.
Other efficiencies gained with LPG include easy storage, faster refueling and
wide availability of bunkering ships and facilities. All these ensure that LPG
is a long-term sustainable marine fuel.

LPG as a marine fuel is also future-proof and cost-efficient. In addition to
savings from reduced fuel consumption, we are buffered from price sensitivity to
post-2020 fuel price scenarios with full dual fuel flexibility. Even at today’s
pricing, LPG is advantageous vs heavy fuel oil, offering high life-time saving
prospects.

LPG propulsion means that engines are cleaner, cheaper to maintain and provide
higher efficiency. Dual-fuel engines provides fuel flexibility, which means full
redundancy to ensure uninterrupted operations. Conversion to LPG propelled
dual-fuel engines is a life-cycle upgrade and long-term commitment.

For further information, please contact:

Iver Baatvik
Head of Investor Relations
BW LPG Limited
Tel: +65 6705 5519
E-mail: [email protected]

Lisa Lim
Senior Manager, Communications and Brand
Tel: +65 9654 9405
Email: [email protected]

About BW LPG
BW LPG is the world’s leading owner and operator of LPG vessels, owning and
operating Very Large Gas Carriers (VLGC) and Large Gas Carriers (LGC) with a
total carrying capacity of over 4 million cbm. With four decades of operating
experience in LPG shipping and experienced seafarers and staff, BW LPG offers a
flexible and reliable service to customers. More information about BW LPG can be
found at www.bwlpg.com.

BW LPG is associated with BW Group, one of the world’s leading shipping groups.
BW’s fleet of over 180 vessels includes oil tankers, LNG and LPG carriers,
floating storage and regasification (FSRU) units, chemical tankers, dry cargo
carriers and floating production storage and offloading (FPSO) units.

This information is subject to disclosure requirements pursuant to Section 5-12
of the Norwegian Securities Trading Act.

Ekstern link: http://www.newsweb.no/index.jsp?messageId=458399

Nyheten er levert av OBI.

http://www.netfonds.no/quotes/release.php?id=20180830.OBI.20180830S48

Mandatory Notification of Trade

(Singapore, 1 September 2018)

Niels Rigault, Senior Vice President, Commercial, has purchased 30,000 shares in
BW LPG Limited on 31 August 2018 at a price of NOK 34.33 per share. Following
this transaction, Mr Rigault holds 96,000 shares in BW LPG Limited.

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
BW LPG Limited
Tel: +65 6705 5506
E-mail: [email protected]

Iver Baatvik
Head of Investor Relations
BW LPG Limited
Tel: +65 6705 5519
E-mail: [email protected]

About BW LPG
BW LPG is the world’s leading owner and operator of LPG vessels, owning and
operating Very Large Gas Carriers (VLGC) and Large Gas Carriers (LGC) with a
total carrying capacity of over 4 million cbm. With four decades of operating
experience in LPG shipping and experienced seafarers and staff, BW LPG offers a
flexible and reliable service to customers. More information about BW LPG can be
found at www.bwlpg.com.

BW LPG is associated with BW Group, one of the world’s leading shipping groups.
BW’s fleet of over 180 vessels includes oil tankers, LNG and LPG carriers,
floating storage and regasification (FSRU) units, chemical tankers, dry cargo
carriers and floating production storage and offloading (FPSO) units.

This information is subject to disclosure requirements pursuant to Section 5-12
of the Norwegian Securities Trading Act.

Ekstern link: http://www.newsweb.no/index.jsp?messageId=458624

Nyheten er levert av OBI.

http://www.netfonds.no/quotes/release.php?id=20180901.OBI.20180901S2

Pareto er positiv til LPG-fusjon

Meglerhuset tror et sammenslått selskap vil være i stand til å presse ratene oppover. 

Ekstern link: http://www.hegnar.no/Nyheter/Boers-finans/2018/09/Pareto-er-positiv-til-LPG-fusjon

Nyheten er levert av Hegnar.

http://www.netfonds.no/quotes/release.php?id=20180924.Hegnar.973120

BW LPG Withdraws Proposal to Combine with Dorian

(Oslo, 8 October 2018)

BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code “BWLPG”) today
announces that it withdraws its proposal to combine with Dorian LPG Ltd.
(“Dorian”) (NYSE: LPG) due to Dorian’s continued refusal to give a meaningful
response to BW LPG’s outstanding proposal, engage in constructive two-way
discussions, or schedule its annual meeting. In connection with the withdrawal
of its offer, BW LPG will also withdraw the candidates it previously intended to
nominate to stand for election to the Dorian board at Dorian’s 2018 Annual
Meeting of Shareholders.

Below is the text of the letter sent on October 8, 2018 to John Hadjipateras,
Chairman, President and Chief Executive Officer of Dorian.

Mr. John Hadjipateras
Chairman, President and Chief Executive Officer
Dorian LPG Ltd.
c/o Dorian LPG (USA) LLC
27 Signal Road
Stamford, Connecticut 06902

Dear John,

It has been over four months since we proposed a combination of BW LPG and
Dorian, and nearly three months since we improved our proposal. To date, we have
not had a formal response to our increased offer, and our meetings with you have
not given any indication that you are willing to work towards a mutually
beneficial outcome.

Although we continue to believe in the benefits of the proposed merger, and that
a combination would be highly beneficial for your shareholders, we are first and
foremost committed to acting in the best interests of BW LPG’s shareholders.
Accordingly, we hereby withdraw our proposal. It is not normal practice nor in
the best interest of our shareholders to hold a proposal open indefinitely,
especially when it is highly favorable to the counterparty. We have shared the
facts with you on multiple occasions and include our specific reasoning here by
way of explanation:

  1. Dorian was offered 46% of the combined company despite only contributing 30%
    of the revenue-generating units and 25% of the revenue to the combined entity
    (see slide 1 of the attached presentation).

  2. As per the latest consensus estimates for EBITDA, net income and free cash
    flow (CY2019-2020), and accounting for our respective leverage, Dorian would
    have an implied equity share of no more than 16% of the combined company, but
    was offered 46% ownership. This significant value accretion for Dorian is even
    greater in an improved market environment (see slide 2).

  3. Dorian’s operating cost is on average $5,600/day higher than BW LPG. This is
    a result of our lower opex, lower G&A, lower financing cost, and lower capital
    deployed per owned VLGC (see slide 3).

  4. You have consistently stated that your eco-ships are more favorable than our
    fleet. We accept that there is a fuel cost advantage to modern ships, but with
    21 eco ships in the BW LPG fleet against 19 in the Dorian fleet, and with the
    cost advantage of our vessels across the board, the current bunker cost of
    $500/ton would have to exceed $2,000/ton before this becomes relevant (see slide
    4).

  5. Our return on equity based on historically achieved TCEs is more than double
    the level for your fleet given our optimization of operating cost and leverage
    (see slide 5).

From a governance point of view, we are concerned by the lack of a meaningful
response, and it has become apparent that your approach to shareholder value
creation differs from ours. We note that an Annual Meeting of Shareholders has
not been called to date, more than 12 months after your last shareholder
meeting. We believe that this is neither shareholder-friendly nor in line with
good governance practices.

In the absence of constructive engagement, we have determined not to move
forward at this time. In light of our withdrawal, we will also retract the
nomination for independent directors that we put forward for election to the
Dorian board.

We believe this is a lost opportunity for Dorian shareholders and for the
industry, but remain open to a future conversation should your board and
shareholders become convinced of the merits of consolidation.

Yours sincerely,

Andreas Sohmen-Pao
Chairman of the Board of Directors

Citigroup Global Markets Inc. is acting as financial advisor to BW LPG and
Cleary Gottlieb Steen & Hamilton LLP, Cadwalader, Wickersham & Taft LLP and
Advokatfirmaet Thommessen AS are acting as legal advisors.

About BW LPG
BW LPG is the world’s leading owner and operator of LPG vessels, owning and
operating Very Large Gas Carriers (VLGC) and Large Gas Carriers (LGC) with a
total carrying capacity of over 4 million cbm. With four decades of operating
experience in LPG shipping and experienced seafarers and staff, BW LPG offers a
flexible and reliable service to customers. More information about BW LPG can be
found at www.bwlpg.com.

BW LPG is associated with BW Group, one of the world’s leading shipping groups.
BW’s fleet of over 250 vessels includes oil tankers, LNG and LPG carriers,
floating storage and regasification (FSRU) units, chemical tankers, dry cargo
carriers and floating production storage and offloading (FPSO) units.

This information is subject to disclosure requirements pursuant to Sections 5-2
and 5-12 of the Norwegian Securities Trading Act.

Cautionary Statement Regarding Forward-Looking Statements

This press release includes forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking statements
include, but are not limited to, statements regarding BW LPG’s proposed business
combination transaction with Dorian (including the benefits, results, effects
and timing of a transaction), all statements regarding BW LPG’s (and BW LPG’s
and Dorian’s combined) expected future financial position, results of
operations, cash flows, financing plans, business strategy, budgets, capital
expenditures, competitive positions, growth opportunities, plans and objectives
of management, and statements containing the words such as “anticipate,”
“approximate,” “believe,” “plan,” “estimate,” “expect,” “project,” “could,”
“would,” “should,” “will,” “intend,” “may,” “potential,” “upside,” and other
similar expressions.

Statements in this press release concerning the business outlook or future
economic performance, anticipated profitability, revenues, expenses or other
financial items, and product or services line growth of BW LPG (and the combined
businesses of BW LPG and Dorian), together with other statements that are not
historical facts, are forward-looking statements that are estimates reflecting
the best judgment of BW LPG based upon currently available information. Such
forward-looking statements are inherently uncertain, and shareholders and other
potential investors must recognize that actual results may differ materially
from BW LPG’s expectations as a result of a variety of factors, including,
without limitation, those discussed below. The forward-looking statements in
this press release are based upon various assumptions, many of which are based,
in turn, upon further assumptions, including without limitation, management’s
examination of historical operating trends, data contained in BW LPG’s records
and other data available from unrelated parties.

Such forward-looking statements are based upon management’s current expectations
and include known and unknown risks, uncertainties and other factors, many of
which BW LPG is unable to predict or control, that may cause BW LPG’s actual
results, performance or plans with respect to Dorian to differ materially from
any future results, performance or plans expressed or implied by such
forward-looking statements. These statements involve risks, uncertainties and
other factors discussed below and detailed from time to time in BW LPG’s filings
with the Oslo Bors contained on BW LPG’s website.

Risks and uncertainties related to the proposed transaction with Dorian include,
but are not limited to, uncertainty as to whether BW LPG will further pursue,
enter into or consummate the transaction on the terms set forth in the proposal
or on other terms, potential adverse reactions or changes to business
relationships resulting from the announcement or completion of the transaction,
uncertainties as to the timing of the transaction, adverse effects on BW LPG’s
stock price resulting from the announcement or consummation of the transaction
or any failure to complete the transaction, competitive responses to the
announcement or consummation of the transaction, the risk that regulatory or
other approvals required for the consummation of the transaction are not
obtained or are obtained subject to terms and conditions that are not
anticipated, costs and difficulties related to the integration of Dorian’s
businesses and operations with BW LPG’s businesses and operations, the inability
to obtain, or delays in obtaining, cost savings and synergies from the
transaction, unexpected costs, liabilities, charges or expenses resulting from
the transaction, litigation relating to the transaction, the inability to retain
key personnel, and any changes in general economic and/or industry specific
conditions.

Many of these factors are beyond BW LPG’s control. BW LPG cautions investors
that any forward-looking statements made by BW LPG are not guarantees of future
performance. BW LPG disclaims any obligation to update any such factors or to
announce publicly the results of any revisions to any of the forward-looking
statements to reflect future events or developments.

Additional Information
This press release is provided for informational purposes only and does not
constitute an offer to purchase or sell or the solicitation of an offer to
purchase or sell any securities.

Investor Contacts:

BW LPG
Elaine Ong, CPA, CA
Chief Financial Officer
BW LPG Limited
Tel: +65 6705 5506

Iver Baatvik
Head of Investor Relations
BW LPG Limited
Tel: +65 6705 5519

MacKenzie Partners, Inc.
Paul R. Schulman / David Whissel / Bob Marese
Tel: +1 212-929-5364

Media Contacts:
Joele Frank, Wilkinson Brimmer Katcher
Andy Brimmer / Andrew Siegel / Matthew Gross
Tel: +1 212-355-4449

Ekstern link: http://www.newsweb.no/index.jsp?messageId=460841

Nyheten er levert av OBI.

http://www.netfonds.no/quotes/release.php?id=20181008.OBI.20181008S40

Resignation of Board Member

(Singapore, 11 October 2018)

Board member Carsten Mortensen has informed the Board of Directors in BW LPG
Limited (“BW LPG” or the “Company”) that he will resign from the Company’s Board
of Directors with effect from 15 October 2018. Consequent upon Mr Mortensen’s
resignation, he will cease to be a member of the Company’s Remuneration
Committee. Board member Ms Martha Kold Bakkevig has been appointed a member of
the Remuneration Committee with effect from 15 October 2018.

For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
BW LPG Limited
Tel: +65 6705 5506
Email: [email protected]

Iver Baatvik
Head of Investor Relations
BW LPG Limited
Tel: +65 6705 5519
Email: [email protected]

About BW LPG

BW LPG is the world’s leading owner and operator of LPG vessels, owning and
operating Very Large Gas Carriers (VLGC) and Large Gas Carriers (LGC) with a
total carrying capacity of over 4 million cbm. With four decades of operating
experience in LPG shipping and experienced seafarers and staff, BW LPG offers a
flexible and reliable service to customers. More information about BW LPG can be
found at www.bwlpg.com.

BW LPG is associated with BW Group, one of the world’s leading shipping groups.
BW’s fleet of over 250 vessels includes oil tankers, LNG and LPG carriers,
floating storage and regasification (FSRU) units, chemical tankers, dry cargo
carriers and floating production storage and offloading (FPSO) units.

This information is subject to disclosure requirements pursuant to Sections 5-2
and 5-12 of the Norwegian Securities Trading Act.

Ekstern link: http://www.newsweb.no/index.jsp?messageId=461224

Nyheten er levert av OBI.

http://www.netfonds.no/quotes/release.php?id=20181015.OBI.20181015S5

21/11-2018 12:00:08: (BWLPG) Q3 2018 – Condensed Consolidated Interim Financial Information for Third Quarter 201

28/02-2019 08:00:31: (BWLPG) Q4 and FY 2018 – Condensed Consolidated Interim Financial Informatio

28/02-2019 09:00:00: (BWLPG) Management Share Option Plan “LTIP 201

BW LPG Ltd. (BWLLF) CEO Martin Ackermann on Q4 2018 Results - Earnings Call Transcript

https://seekingalpha.com/article/4245990-bw-lpg-ltd-bwllf-ceo-martin-ackermann-q4-2018-results-earnings-call-transcript

06/03-2019 12:21:22: (BWLPG) Purchase of Shares – Management Share Option Plan “LTIP 20

07/03-2019 10:17:56: (BWLPG) Purchase of Shares ? Management Share Option Plan ?LTIP 2017?

12/03-2019 05:56:44: (BWLPG) Purchase of Shares ? Management Share Option Plan ?LTIP 2017?

DnB nedgraderer LPG sektoren med begrunnelse av at aksjene allerede har gått mye. Aldri feil å ta gevinst. Slik det fundamentale allerede har utviklet seg i sektoren, tror jeg selgerne vil angre litt om noen måneder.