News

A $1bn deal between BW LPG and Avance Gas struck over four weeks of peak Norwegian holiday - TradeWinds

TradeWinds · last updated

A $1bn deal between BW LPG and Avance Gas was struck over four weeks of peak Norwegian holiday | TradeWinds

John Fredriksen’s Avance Gas is mulling its identity after selling its VLGC fleet to BW LPG in a $1bn deal, which took shape while the rest of the Oslo shipping community was on summer holidays.

Andreas Sohmen-Pao’s BW today revealed a cash and shares swoop for 12 Avance VLGCs. It comes more than three years after Avance first became a shareholder in its Oslo-listed rival but just weeks after the first discussions took place.

View full article

here today, more tomorrow

We’ve launched briefing.center with a focus on the press and media.

And we’ve added Citizen Cartwright, a daily quick-read news summary by veteran Washington journalist Linda Cartwright. We’ve also created a new voting rights knowledge center for Citizen Cartwright subscribers. (You can sign up for a dedicated morning email at citizencartwright.com.)

You can sign up here for full access to press and media and Citizen Cartwright on briefing.center.

You can use briefing.center as the center of your information management, or just one of your tools. We’re happy to discuss your information needs.

Sign up