According to foreign media reports, BW Group subsidiary LPG BW recently announced to abandon the acquisition of competitors LPG Dorian 10% stake. LPG BW said the company after careful consideration, decided not to perform at a price of $6000000, from the Euroholdings Dorian 10% stake in the acquisition of LPG BW.

It is understood that the BW BW Euroholdings group Scorpio in the end of 7 from the price of $92000000 to buy Dorian shares, the price of $15.34 per share. However, after that LPG Dorian shares continued to fall, the company's share price has fallen to $12.43 per share.

Securities Arctic analyst said, in view of the current price of LPG BW is lower than the original purchase price of Euroholdings BW, Dorian's decision to make is a natural decision. However, the analyst also pointed out that the possibility of the future acquisition of LPG BW Dorian shares.

It is understood, LPG BW announced the same day in the two quarter results, the company in the second quarter net profit of $80700000, an increase of 11%. The company announced that the 155400000 quarter of the total revenue reached $two, an increase of 9.9%. The company said the future will continue to maintain the current strength of the ship utilization, continue to improve the rental income, and expand the size of the fleet.