Shares in BW LPG and takeover target Dorian LPG shot up today with a possible $1.1bn union on the cards.

Oslo-listed BW LPG was trading up almost 9% in the Norwegian capital with Dorian showing a rise of more than 7% on the other side of the Atlantic.

Dorian shares gained another 8% by the end of the New York trading day to close at $8.41.