Within less than 10 days in late 2020, Andreas Sohmen-Pao-chaired BW Group embarked on a rare investment spree in LPG shipping.
The Singapore-headquartered shipping giant first paid $197m for a 39.1% stake in Navigator Holdings — a price equivalent to the New York-listed handysize owner’s share price at that time.
BW LPG, the group’s VLGC arm, later became Avance Gas’ second-largest shareholder after buying 9.14%
