A long-term Dorian LPG investor that helped pave the way for BW LPG's $1.1bn offer says consolidation of the VLGC sector is "long overdue" and the industry's overall health will be the better for it.
Metropolitan Capital Advisors put a shareholder proposal on the ballot of Dorian's last annual meeting that the company end its "poison pill" provision, which aimed to block an unsolicited takeover of the New York-listed VLGC owner.
