DHT Holdings, Inc. has splashed out approximately $538m to buy BW Group’s entire fleet of 11 VLCCs, including two newbuildings due for delivery in 2018.

BW Group has inked a 15-year deal with Pakistan GasPort Limited (PGPL) to provide LNG regasification services using a newbuild FSRU for the second Pakistan LNG terminal.

In spite of an unprecedented market lows, BW Group has established a new venture in drybulk, BW Dry Cargo, targeting vessels between 50,000 dwt and 90,000 dwt.

BW LPG Limited has signed contracts for four new VLGCs at Daewoo Shipbuilding and Marine Engineering (DSME) dropped by another owner.

BW shipping has signed contracts for two LNG carriers at DSME worth a total of KRW429.7bn ($412m).

Carsten Mortensen, ceo of Norden for almost a decade, has resigned to take up a position at BW Group.

The Seatrade Asia Awards on 7 April at the Intercontinental Hotel in Singapore saw close to 400 leading industry executives gather not only celebrate the best in the region’s shipping, but also to network and socialise with their peers.

BW LPG raised NOK47 per share for a total of NOK 1.7bn ($277m) in its initial public offering of 36.2m shares.

BW LPG is looking to raise $275m - $300m from its planned initial public offering (IPO) on the Oslo Stock Exchange.

Maersk Tankers has abandoned the VLGC market, selling off its 10-strong fleet to BW Group.