BW LPG’s proposed $1.1bn merger with Dorian LPG pits one of shipping’s leading consolidators against a regular target, which has previously resisted multiple consolidation attempts.
A brief phone call between BW LPG chairman Andreas Sohmen-Pao and Dorian LPG chief executive John Hadjipateras on Tuesday fired the starting pistol on the latest round of merger and acquisition activity in arguably shipping’s most consolidated market.
