(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:
Niels Rigault
Senior Vice President, Commercial
Tel: +65 9664 7609
Email: niels.rigault@bwlpg.com
For any operational questions, please contact:
Pontus Berg
Senior Vice President, Technical & Operations
Tel: +65 9663 6701
Email: pontus.berg@bwlpg.com
For any information pertaining to financials and investor
relations, please contact:
Elaine Ong, CPA, CA
Chief Financial Officer
Tel: +65 6705 5506
Email: elaine.ong@bwlpg.com
John Papaioannou, CFA
Senior Manager, Strategy & Investor Relations
Tel: +65 6705 5514
Email: john.papaioannou@bwlpg.com
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.