• 2014 February 25 12:11

  Dorian LPG Ltd. announces declaration of options to build three ECO VLGCs

  

  Dorian LPG Ltd. announces that it has declared its options to construct three additional VLGCs at Hyundai Heavy Industries Co., Ltd. (“HHI”) in South Korea. The three additional VLGC’s will be similar to the initial fuel-efficient VLGC newbuildings ordered at HHI in April 2013. The Company expects to take delivery of the three VLGCs in the second, third and fourth quarters of 2015, respectively, the company said in its press release.

  Dorian has entered into five-year time charters for two of its VLGCs. The charters are expected to commence during the third and fourth quarters of 2014.
  
  About Dorian LPG Ltd.
  Dorian LPG is a pure-play LPG shipping company and a leading owner and operator of modern VLGCs. Dorian LPG currently owns and operates three modern VLGCs and one pressurized LPG vessel. In addition, Dorian LPG has 16 ECO VLGC newbuildings under construction and holds options for an additional three ECO VLGC newbuildings. Dorian LPG has offices in Connecticut, USA; London, United Kingdom and Piraeus, Greece.

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