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BW LPG Sets Up Product Services Division
As informed, the product services division is part of BW LPG’s ambition to provide a low-risk and fully-integrated product delivery service.
The company said it will purchase LPG and offer it delivered on the basis of cost, insurance and freight, directly to the end user.
By establishing the new division, BW LPG aims to maximize utilization of its vessels by providing full LPG delivery service, including product, while remaining focused primarily on shipping services.
“The new product services division reflects BW LPG’s ambitions to provide existing and new customers with reliable, integrated LPG delivery services. Whilst LPG shipping remains our core business, we aim to diversify our business offerings, innovate to capture market opportunities, and maximize value for both customers and shareholders,” Martin Ackermann, BW LPG CEO, commented.
BW LPG owns and operates very large gas carriers (VLGC) and large gas carriers (LGC) with a total carrying capacity of over 4 million cbm.
BW LPG is associated with BW Group, one of the world’s leading shipping groups. BW’s fleet of over 300 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.
Press Releases: BW LPG
Photo Courtesy: BW LPG
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BW LPG to Nominate Three Independent, Highly Qualified Director Candidates to Stand for Election at Dorian’s 2018 Annual Meeting
OSLO, Norway--(BUSINESS WIRE)--BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code “BWLPG”) today announced that it has notified Dorian LPG (“Dorian”) (NYSE: LPG) of its intention to nominate three independent, highly qualified individuals to stand for election to Dorian’s Board of Directors (the “Board”) at Dorian’s 2018 Annual Meeting of Shareholders. BW LPG intends to file a proxy statement with the Securities and Exchange Commission (the “SEC”), accompanied by a WHITE proxy card, in co
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BWLPG - Disclosure of large shareholding in Aurora LPG
BWLPG – Disclosure of large shareholding in Aurora LPG
Disclosure of large shareholding in Aurora LPG
This announcement is not for release, publication or
distribution (directly or indirectly) in or to the United
States, Canada, Australia or Japan.
It is not an offer of securities for sale in or into the
United States, Canada, Australia, the Hong Kong Special
Administrative Region of the People’s Republic of China,
South Africa or Japan.
Disclosure…
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BW LPG Recycles ‘BW Helios’ In Compliance With Hong Kong Convention
CEO of BW LPG, Martin Ackermann confirms that their LPG carrier the 1992-built BW Helios arrived at a certified, Hong Kong Convention applicable, a recycling facility in India on 21st January 2019.
“At BW LPG, we are firm supporters of the Hong Kong Convention on the safe and environmentally sound recycling of ships, although many countries have yet to ratify the Convention. We go to great lengths – some which go beyond the Convention – to ensure we are fully compliant and that we are recycling at a facility that provides safe and environmentally friendly disposal of waste, which has all been audited, and provides safe working practices for its workforce; particularly that no children are employed,” he said.
For recycling the 57,160 CBM BW Helios (IMO 8912182), BW LPG identified the Atam Manohar Ship Breakers facility in Alang, India. The yard was fully inspected and certified by an International Class Society in Mar 2017, meeting the requirements of IMO Resolution 210/63, 2012 guidelines for the safe and environmentally sound recycling of ships, as per the Hong Kong Convention.
BW LPG provided a class certified inventory of hazardous materials and waste (IHM) to the yard to ensure that safe handling, separation, transportation will be achieved with no harm to the workforce and no contact with the sea or unprotected soil. A full and comprehensive ship recycling plan (SRP) has been prepared by the yard and approved by class DNV GL to ensure strict compliance with international rules and legislation and BW LPG’s policy.
An observer and company supervisor from BW LPG remains on site and provides daily reports on progress, compliance and that the recycling plan is being applied at all times.
Martin Ackermann believes that the ship recycling industry is in a period of transition with an increasing number of yards being certified in line with the Hong Kong Convention. In anticipation of ratification of the Hong Kong Convention, dozens of shipyards in Alang and other locations in South East Asia and Turkey – have invested heavily and already reached a level that guarantees Hong Kong Convention standards.
“Rather than to exclude facilities based on their geographical location, the only way to ensure health and safety of workers is to impose global legislation. This global legislation will stimulate all countries and individual shipbreaking yards to raise their standards and make substantial progress in the area of safe and environmentally friendly ship recycling.
If we abandon ship recycling breaking yards where the communities heavily rely on recycling and they are left to work with countries with no proper regulation, the international community will have played a damaging role in promoting the lowest standards, rather than helping those yards to improve and prosper”.
Press releases: bwlpg.com
Photo Courtesy: bwlpg.com
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BW LPG Recycles ‘BW Helios’ In Compliance With Hong Kong Convention
CEO of BW LPG, Martin Ackermann confirms that their LPG carrier the 1992-built BW Helios arrived at a certified, Hong Kong Convention applicable, a recycling facility in India on 21st January 2019.
“At BW LPG, we are firm supporters of the Hong Kong Convention on the safe and environmentally sound recycling of ships, although many countries have yet to ratify the Convention. We go to great lengths – some which go beyond the Convention – to ensure we are fully compliant and that we are recycling at a facility that provides safe and environmentally friendly disposal of waste, which has all been audited, and provides safe working practices for its workforce; particularly that no children are employed,” he said.
For recycling the 57,160 CBM BW Helios (IMO 8912182), BW LPG identified the Atam Manohar Ship Breakers facility in Alang, India. The yard was fully inspected and certified by an International Class Society in Mar 2017, meeting the requirements of IMO Resolution 210/63, 2012 guidelines for the safe and environmentally sound recycling of ships, as per the Hong Kong Convention.
BW LPG provided a class certified inventory of hazardous materials and waste (IHM) to the yard to ensure that safe handling, separation, transportation will be achieved with no harm to the workforce and no contact with the sea or unprotected soil. A full and comprehensive ship recycling plan (SRP) has been prepared by the yard and approved by class DNV GL to ensure strict compliance with international rules and legislation and BW LPG’s policy.
An observer and company supervisor from BW LPG remains on site and provides daily reports on progress, compliance and that the recycling plan is being applied at all times.
Martin Ackermann believes that the ship recycling industry is in a period of transition with an increasing number of yards being certified in line with the Hong Kong Convention. In anticipation of ratification of the Hong Kong Convention, dozens of shipyards in Alang and other locations in South East Asia and Turkey – have invested heavily and already reached a level that guarantees Hong Kong Convention standards.
“Rather than to exclude facilities based on their geographical location, the only way to ensure health and safety of workers is to impose global legislation. This global legislation will stimulate all countries and individual shipbreaking yards to raise their standards and make substantial progress in the area of safe and environmentally friendly ship recycling.
If we abandon ship recycling breaking yards where the communities heavily rely on recycling and they are left to work with countries with no proper regulation, the international community will have played a damaging role in promoting the lowest standards, rather than helping those yards to improve and prosper”.
Press Releases: bwlpg.com
Photo Courtesy: bwlpg.com
The post BW LPG Recycles ‘BW Helios’ In Compliance With Hong Kong Convention appeared first on Maritime Manual.
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Hafnia Tankers’ Shareholders to Decide on Merger with BW in January
On January 10, 2019, an extraordinary general meeting will be held in Malmö, Sweden, during which Hafnia shareholders will consider, and if thought fit, approve, a plan of merger.
Hafnia Tankers signed a merger agreement with BW Tankers on December 21, 2018.
Under the plan, BW Tankers intends to acquire Hafnia’s assets and liabilities, contracts, rights and obligations. The shareholders of Hafnia will in the merger receive consideration for their Hafnia shares in the form of common shares of BW Tankers Limited.
The merger agreement follows the BW Group’s acquisition of an additional 36.3 pct stake in Hafnia Tankers back in July 2018, bringing the company’s total ownership stake in Hafnia to 43.5 pct.
Related: Hafnia Tankers, BW Tankers Looking into Merger
Explaining reasons for the potential merger, Hafnia Tankers said: “The management team and board believe in a future rise in freight rates across the markets in which Hafnia operates, which will in turn lead to an uplift in both valuation and institutional investor interest in the business… the combination of Hafnia and BW Tankers is the best way to meet the future developments in the market.”
“The management team expects that there will be a number of important synergies to be achieved with the combined platform, including improved terms for financing, global commercial platform with chartering teams in Singapore, Houston and Copenhagen and increased efficiency with both in-house technical (from BW Tankers) and use of third party providers,” the company added.
The combined company will have a fleet active across all relevant segments and will be one of the largest pure-play product tanker businesses in the world with a fleet of 86 vessels (including newbuilds and excluding sale and leaseback vessels).
Press Releases: BW Tanker
Photo Courtesy: BW Group
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BW LPG takes delivery of BW Magellan
BW LPG takes delivery of BW Magellan
BW LPG Limited ("BW LPG", the "Company", OSE ticker code: "BWLPG") has today taken delivery of BW Magellan, the first of four Very Large Gas Carriers (VLGCs) in its newbuilding program from Daewoo Shipbuilding and Marine Engineering (DSME). With the BW Magellan, BW LPG owns and operates a fleet of 42 vessels, comprising 37 VLGCs and five owned LGCs. In addition, BW LPG has five VLGC newbuildings…
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