Integration of Aurora LPG completed
(Singapore, 19 January 2017)
Following the acquisition of all shares in Aurora LPG Holding ASA (“Aurora LPG”) on 12 December 2016, BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG”) delisted Aurora LPG from Oslo Axess with last day of listing on 27 December 2016. Aurora LPG is thus now a fully owned and integrated subsidiary of BW LPG. BW LPG has also terminated all agreements with Atlantic Tankers AS – the company set up by Aurora LPG to commercially manage their vessels. Technical management of the vessels will remain unchanged.
Effective as of today 19 January 2017, all matters pertaining to the Aurora LPG vessels will be handled by BW LPG.
As part of the integration process, all vessels will be changing names as follows:
Aurora Taurus BW Thor
Aurora Leo BW Tyr
Aurora Capricorn BW Odin
Aurora Balder BW Balder
Aurora Njord BW Njord
Aurora Var BW Var
Aurora Brage BW Brage
Aurora Freyja BW Freyja
Aurora Frigg BW Frigg
To increase our service offering to our clients, and to enhance our global presence, we are opening offices in Oslo and Houston. Our Oslo office will mainly focus on chartering and commercial services, whilst our Houston office will focus on operations and technical services.
BW LPG’s financial results for Q4 2016 will include Aurora LPG’s December income and cash flow statements, and both companies’ balance sheets will be fully consolidated as at the end of the quarter.
For any commercial questions, please contact:
Senior Vice President, Commercial
Tel: +65 9664 7609
For any operational questions, please contact:
Senior Vice President, Technical & Operations
Tel: +65 9663 6701
For any information pertaining to financials and investor relations, please contact:
Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506
John Papaioannou, CFA
Senior Manager, Strategy & Investor Relations
Tel: +65 6705 5514
About BW LPG
BW LPG is the world's leading owner and operator of LPG vessels. BW LPG currently owns and operates 55 Very Large Gas Carriers (VLGC) and Large Gas Carriers (LGC) including two VLGC newbuildings with a total carrying capacity of 4.5 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. BW LPG is associated with BW Group, one of the world's leading shipping groups. BW Group is involved in oil and gas transportation, floating gas infrastructure, environmental technologies and deep-water production.
This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.