Ackermann: BW LPG-Dorian would be 'bellwether'

BW LPG chief executive Martin Ackermann says his company's approach for Dorian LPG is driven by desire to create a "bellwether" gas ship owner that will be able to withstand the ongoing challenges in the market.

As reported by TradeWinds, BW LPG made a share-for-share offer for Dorian, valuing the company's debt and equity at $1.1bn.

Ackermann says BW Group chairman Andreas Sohmen-Pao had a "very brief chat" with Dorian chairman and chief executive John Hadjipateras about the proposal early Tuesday.