Dorian LPG Ltd. Announces VLGC Newbuilding Contracts, Forward Chartering Estimates, and New Credit Facility
Dorian LPG Ltd. announced it has contracted Hanwha Ocean to build three 90,000 cbm dual-fuel Panamax VLGCs, with deliveries scheduled for June, September, and December 2030 at a total cost of approximately $345 million. The vessels will feature dual-fuel engines capable of operating on LPG and conventional low-sulphur fuels.
Why it matters — This fleet expansion signals Dorian LPG's investment in modern dual-fuel VLGC capacity, which LPG watchers would follow for its implications on the company's future fleet composition and forward chartering outlook.