BW LPG has abandoned its pursuit of Dorian LPG, ending a hostile takeover attempt which has gripped the VLGC market for several months.
Andreas Sohmen-Pao, chairman of BW LPG, confirmed the battle was over in a letter to Dorian chief executive John Hadjipateras today.
BW LPG launched its first run at Dorian in May and came back with an improved proposal after its initial approach was rejected.
