LPG News & Events

Dorian LPG reported estimates for its fleet for the quarter ending March 31, 2026. Estimates that it has fixed 99% of its calendar days at a rate in excess of $58K per day.

Dorian LPG announced the delivery of its 93,000 cubic meter dual-fuel newbuilding named "Areion" an LPG and ammonia very large gas carrier from Hanwha Ocean Heavy Industries Co., Ltd. at the Okpo Shipyard in South Korea. The "Areion" will commence employment on charter under the Helios LPG Pool, an entity jointly controlled by Dorian LPG Ltd and MOL Energia Pte Ltd., with offices in Copenhagen and Singapore. "Areion", in Greek Mythology, is the name given to a black-maned horse known for its extraordinary speed, spoken wisdom, and significant powers. This is the second wholly owned LPG dual-fuel ship being added to Dorian's fleet along with the four chartered-in LPG dual-fuel ships raising the percentage of low emissions alternative fuel ships to over 20% of its fleet.

Reports Q3 revenue $120M, consensus $112.54M. John Hadjipateras, Chairman, President and CEO of the company, commented, "Our seafaring and shoreside team delivered a strong operating performance in the quarter. We declared our 17th consecutive quarterly irregular dividend bringing total capital returned including buy backs, since our IPO, to over $960 million. Last quarter the VLGC market again reached a new export record. Demand, as well as freight rates have continued to be strong into the current quarter. We look forward to the delivery, in March, of a newbuilding dual fuel VLGC/AC."