Dorian Delivers Caravelle Sells Grendon
Dorian LPG Ltd. reported today that it took delivery of the ECO VLGC Caravelle from Hyundai Samho Heavy Industries. The Caravelle is Dorian LPG's 19th and final scheduled newbuilding delivery. The Caravelle will trade in the Helios LPG Pool. In addition, Dorian LPG announced that it recently completed the sale of the Grendon…
Dorian LPG Post 3Q 2016 Profit
Dorian LPG Ltd. a leading owner and operator of modern very large gas carriers, today reported its financial results for the three months ended December 31, 2015. John Hadjipateras, Chairman, President and Chief Executive Officer, commented, "The third quarter was an extremely busy period for Dorian as we took the delivery of seven new Eco-design VLGCs.
Dorian Adopts Shareholder Rights Plan
The Board of Directors of Dorian LPG Ltd. today adopted a shareholder rights plan and declared a dividend distribution of one preferred share purchase right on each outstanding share of Company common stock. The rights are intended to enable all Company stockholders to realize the long-term value of their investment in the Company.
Dorian LPG Posts 2Q Profit
Dorian LPG Ltd. a leading owner and operator of modern very large gas carriers today reported its financial results for the three months ended September 30, 2015. John Hadjipateras, Chairman, President and Chief Executive Officer, commented, "We took the delivery of five new Eco-design VLGCs…
Helios LPG Pool to Start Operating
Dorian LPG Ltd. today announced the commencement of operations of Helios LPG Pool LLC on April 1st, 2015. Helios LPG is jointly run by Dorian LPG and Phoenix Tankers Pte. Ltd., a 100% subsidiary of Mitsui OSK Lines Ltd. Helios LPG will be operated out of offices in London and Singapore. Tim Hansen…
Dorian LPG Lands Debt Financing for Newbuilding Program
Dorian LPG Ltd. a leading owner and operator of modern Very Large Gas Carriers ("VLGCs"), today announced that is has received commitments for up to $761 million of debt financing for its VLGC newbuilding program. ABN AMRO Capital (USA), LLC ("ABN AMRO") is acting as Global Coordinator, and Citibank…
Dorian LPG Reports 2Q 2015 Financial Results
Dorian LPG Ltd. today reported its financial results for the three months ended September 30, 2014. Took delivery of the second vessel under our VLGC newbuilding program, the Corsair, from Hyundai Heavy Industries Co. Ltd. ("Hyundai"), on September 26, 2014 - which is trading in the spot market.
Dorian LPG First Quarter 2015 Financial Results
Dorian LPG Ltd. , a leading owner and manager of modern very large gas carriers ("VLGCs"), today reported its financial results for the three months ended June 30, 2014. Took delivery of the first vessel under our VLGC newbuilding program, the Comet, from Hyundai Heavy Industries Co. Ltd., which began a five-year time charter with Shell on July 25, 2014.
Dorian LPG MoU with HNA Logistics
Dorian LPG Ltd. a leading owner and manager of modern VLGC's (very large gas carriers), today announced that it has entered into a Memorandum of Understanding ("MOU"), with HNA Logistics Group Co., Ltd. to explore opportunities in the liquefied petroleum gas logistics market. John Hadjipateras…
