Dorian LPG Still Exploring Merger Proposal from BW(marine crane manufacturer;offshore crane manufacturer)

- Sep 12, 2018-

dorian.pngNamely, Dorian LPG said that, in the spirit of maximizing value for Dorian shareholders, the company met multiple times with BW’s leadership team, including an in-person meeting with the entire Dorian board and BW.

“We also requested information regarding BW’s net asset values since July — we did not make providing that info a condition to these meetings — and BW only provided this information just a few days ago. We are in the process of scheduling a meeting to discuss this information with BW,” the company stated.

“It is disingenuous for BW to characterize Dorian as nonresponsive, and to completely mislead shareholders by failing to discuss the facts of the situation.

“The Dorian Board and management team continue to explore whether BW can deliver appropriate value to Dorian shareholders as we evaluate the opportunities before us. We will not close doors to potential opportunities, and will respond to BW’s proposal in due course,” Dorian LPG concluded.

To remind, Singapore-based BW LPG increased its all-stock proposal to combine with Dorian LPG in July. Under the proposal Dorian shareholders would receive 2.12 BW LPG shares for each Dorian share.

The revised proposal, represents a value of USD 8.67 per share of Dorian common stock based on BW LPG’s closing share price of NOK 32.86 on July 6, 2018.

(marine crane manufacturer;offshore crane manufacturer)


Product DescriptionOUCO-Marine-Electric-Hydraulic-Automatic-Towing-Anchor.jpg

As vessel anchor winch, it is adopted when a vessel reaches a pier and needs anchoring; Anchor marine winch can be both applied for vessel anchoring and mooring; vessel anchor handling and towing winch is the winch used both for anchoring and towing with different drums.

As such an important device installed and applied on a vessel, the winch should be chosen and purchased very carefully, and much attention should be paid to the quality of the winch to make sure that it can work well during the marine operations, or it may need much maintenance and it may be a waste of your time and money.

Classifications of Vessel Winch

Electric and hydraulic vessel winches are more widely used on vessels at present, which work reliably and efficiently and are easy to operate and maintain.

(marine crane manufacturer;offshore crane manufacturer)