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BW LPG Ltd (BWLPG.OL)

BWLPG.OL on Oslo Stock Exchange

31.79NOK
16 Nov 2018
Change (% chg)

kr-0.11 (-0.34%)
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kr31.90
Open
kr32.20
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kr32.39
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kr30.99
Volume
950,886
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482,204
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kr42.01
52-wk Low
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Latest Key Developments (Source: Significant Developments)

Dorian Lpg Responds To BW's Withdrawal Of Proposal To Acquire Dorian
Monday, 8 Oct 2018 11:35am EDT 

Oct 8 (Reuters) - Dorian LPG Ltd ::DORIAN LPG RESPONDS TO BW'S WITHDRAWAL OF PROPOSAL TO ACQUIRE DORIAN.DORIAN LPG LTD SAYS EXTENSIVELY ENGAGED WITH BW LPG TEAM OVER PAST FEW MONTHS.DORIAN LPG - BW LPG'S PROPOSAL "UNDERVALUED" CO ON A RELATIVE NET ASSET VALUE BASIS.DORIAN LPG LTD - BW LPG "REFUSED" TO CONSIDER IMPROVING ITS PROPOSAL.  Full Article

Dorian LPG Senior Management Met With Members Of BW LPG's Management
Friday, 21 Sep 2018 06:33am EDT 

Sept 21 (Reuters) - BW LPG Ltd ::DORIAN LPG LTD - ON SEPTEMBER 20, CO'S SENIOR MANAGEMENT MET WITH MEMBERS OF BW LPG'S MANAGEMENT TEAM.DORIAN LPG LTD - CONTINUES TO EVALUATE BW LPG'S PROPOSAL AND OTHER ALTERNATIVES - SEC FILING.DORIAN LPG LTD - DORIAN'S TEAM GAVE FEEDBACK ON INFORMATION BW HAD PROVIDED DORIAN AND ASKED QUESTIONS ABOUT BW'S BUSINESS AND PROPOSAL.  Full Article

Dorian LPG Ltd. Announces Financing Transactions And Full Repayment Of Bridge Loan Facility
Tuesday, 26 Jun 2018 06:01pm EDT 

June 26 (Reuters) - Dorian LPG Ltd ::DORIAN LPG LTD. ANNOUNCES FINANCING TRANSACTIONS AND FULL REPAYMENT OF BRIDGE LOAN FACILITY.DORIAN LPG SAYS "HAVE RECEIVED" BW LPG LTD'S LETTER RESTATING ITS UNSOLICITED PROPOSAL TO COMBINE WITH CO IN A STOCK-FOR-STOCK TRANSACTION.  Full Article

Dorian LPG Board Declines Bw Lpg's Unsolicited Proposal
Friday, 15 Jun 2018 08:44am EDT 

June 15 (Reuters) - BW LPG Ltd ::DORIAN LPG BOARD DECLINES BW LPG'S UNSOLICITED PROPOSAL.DORIAN LPG LTD - BW LPG'S PROPOSAL "UNDERVALUES" DORIAN ON BOTH AN ABSOLUTE- AND RELATIVE-VALUE BASIS.DORIAN LPG - BOARD UNANIMOUSLY CONCLUDED THAT UNSOLICITED, PROPOSAL FROM BW LPG LTD IS NOT IN BEST INTERESTS OF DORIAN AND ITS SHAREHOLDERS.DORIAN LPG LTD - "DORIAN SHAREHOLDERS SHOULD NOT BE ASKED TO SUBSIDIZE BW LPG'S FLEET RENEWAL, UPGRADE, AND REGULATORY COMPLIANCE COSTS".DORIAN LPG LTD - IN LETTER TO BW LPG CHAIRMAN SAYS "A DUAL LISTING IS NOT A BENEFIT TO DORIAN SHAREHOLDERS".DORIAN LPG LTD - CO'S BOARD IS WILLING TO DISCUSS ACQUIRING OR CONSOLIDATING SOME OR ALL OF BW LPG'S 17 ECO-SHIPS INTO CO'S COMMERCIAL PLATFORM.  Full Article

BW LPG plans $15 mln share buyback
Tuesday, 6 Mar 2018 01:48am EST 

March 6 (Reuters) - BW LPG Ltd ::‍TO INITIATE A SHARE BUY-BACK PROGRAMME, UNDER WHICH IT WILL PURCHASE UP TO US$15 MILLION (APPROXIMATELY NOK 117 MILLION, SUBJECT TO FOREIGN EXCHANGE RATES) OF ITS COMMON SHARES​.‍BUY-BACK PROGRAMME WILL COMPRISE UP TO 4 MILLION COMMON SHARES, REPRESENTING UP TO 2.8% OF COMPANY'S ISSUED SHARE CAPITAL​.‍SHARE BUY-BACK PROGRAMME WILL COMMENCE ON 7 MARCH 2018 AND WILL CONTINUE UNTIL AND INCLUDING 30 APRIL 2018. SHARES PURCHASED WILL BE HELD AS TREASURY STOCK​.  Full Article

BW LPG expects 2 pct net fleet growth in 2018, Q4 lags
Wednesday, 28 Feb 2018 02:11am EST 

Feb 28 (Reuters) - Bw Lpg Ltd ::Q4 EBITDA $ ‍25.9​ MILLION (REUTERS POLL $28.7 MILLION).Q4 NET RESULT $ ‍-19.0​ MILLION (REUTERS POLL $-14.6 MILLION).Q4 TCE REVENUE $ ‍79.3​ MILLION (REUTERS POLL $81.3 MILLION).FREIGHT RATES REMAIN AT LOW LEVELS, WITH RECOVERY BEING DEPENDENT ON INCREASING U.S. LPG PRODUCTION, CONTINUED DEMAND FROM ASIA (ESPECIALLY INDIA AND CHINA) AND GEOGRAPHIC LPG PRICE SPREADS‍​.THE VLGC FREIGHT RATE MARKET HAS SEEN NEWBUILD ORDERS IN EARLY 2018 THOUGH THIS IS EXPECTED TO BE PARTIALLY OFFSET BY SEVERAL SHIPS HEADED FOR SCRAP OVER THE NEXT TWO YEARS.2018 NET FLEET GROWTH, ON AVERAGE, IS EXPECTED TO BE ROUGHLY 2 PCT‍​.2018 CONTRACT COVERAGE IS 14 PCT‍​.  Full Article

BW LPG signs 5 years $150 mln term loan
Tuesday, 6 Feb 2018 02:23am EST 

Feb 6 (Reuters) - Bw Lpg Ltd ::BW LPG ANNOUNCES SIGNING OF USD150 MILLION TERM LOAN.‍HAS SIGNED A USD 150 MILLION 5-YEAR SENIOR SECURED TERM LOAN AGREEMENT TO REFINANCE ITS EXISTING USD150 MILLION REVOLVING CREDIT FACILITY MATURING IN MARCH 2018​.‍ALL-IN COST FOR THIS FINANCING IS LIBOR PLUS 1.7%, WITH AN 8-YEAR AMORTIZATION PROFILE​.‍WITH THIS NEW FACILITY IN PLACE, WE HAVE ENHANCED OUR FINANCIAL FLEXIBILITY AND CONTINUE TO KEEP OUR FINANCING COSTS LOW​.  Full Article

BW LPG's Q3 earnings in line, says Q4 freight rates are $31/t
Thursday, 23 Nov 2017 02:04am EST 

Nov 23 (Reuters) - BW LPG LTD :BW LPG LTD Q3 EBITDA $‍18.1​ MILLION (REUTERS POLL $17.7 MILLION).BW LPG LTD Q3 TCE REVENUE $ ‍70.1​ MILLION (REUTERS POLL $70.9 MILLION).BW LPG LTD SAYS ‍FREIGHT RATES HAVE CONTINUED RISING THROUGH Q4 AND CURRENTLY STAND AT US$31 PER TON, DRIVEN BY EMERGENCE OF WORKABLE ARBITRAGE ECONOMICS TO SHIP CARGOES TO ASIAN MARKETS AND STRONG INDIAN LPG DEMAND.OVER THE NEXT TWO YEARS, WE FORECAST THE VLGC FREIGHT MARKET TO FIND FUNDAMENTAL SUPPORT FROM ROUGHLY 3% NET FLEET GROWTH AND CONTINUED MID-SINGLE DIGIT DEMAND GROWTH PER YEAR‍​.  Full Article

BW LPG posts higher than expected Q2 EBITDA
Friday, 25 Aug 2017 02:06am EDT 

Aug 25 (Reuters) - BW LPG LTD :BW LPG LTD Q2 EBITDA $ 39.6 MILLION (REUTERS POLL $33.5 MILLION).BW LPG LTD Q2 TCE REVENUE $ 91.4 MILLION (REUTERS POLL $90.1 MILLION).BW LPG SAYS THE SHORT-TERM MARKET OUTLOOK REMAINS CHALLENGING AS LOW U.S. INVENTORY LEVELS WILL CONTINUE TO PROP UP DOMESTIC LPG PRICES UNTIL CONFIDENCE RETURNS THAT STOCKS HAVE BUILT SUFFICIENTLY.BW LPG SAYS THE LONG-TERM OUTLOOK FOR CONTINUED GROWTH IN U.S. LPG PRODUCTION AND EXPORTS IS STRONG, EVIDENCED BY THE RESUMPTION OF U.S. NGL INFRASTRUCTURE INVESTMENT.  Full Article

BW LPG announces establishment of joint venture in India
Friday, 28 Jul 2017 01:43pm EDT 

July 28 (Reuters) - BW LPG Ltd :Establishment of joint venture in India.Co, Global United Shipping India Private Limited, have agreed to establish joint venture in India in which parties will own 50 percent each.New joint venture is named BW Global United LPG India Private Limited.As part of deal, co to sell two of its vessels to new co and to that end BW LPG has entered into binding vessel sales contracts.  Full Article

NORWEGIAN STOCKS-Down from all-time high despite rising oil price

OSLO, Aug 29 (Reuters) - * Norwegian shares traded down on Wednesday * Oslo's benchmark index fell -0.08 pct, or -0.76 points, to 913.75 points and was up by 12.29 pct year-to-date * The broader Oslo All Share Index was down 0.09 percent * Brent crude futures, a trigger for the oil heavy Oslo Bourse, rose $0.46 to $76.41 a barrel * Among the biggest firms on the Oslo Bourse, Equinor rose 0.32 pct, Telenor fell -1.14 pct and DNB was flat * Turnover at the Oslo Bourse was 2 billion Norwegian crown