Hanwha Ocean Co., Ltd

Dorian LPG has placed an order with South Korean shipbuilder Hanwha Ocean for three 90,000-cubic-meter dual-fuel Panamax very large gas carriers, at a total price of around $345 million. The vessels are scheduled for delivery in June, September, and December 2030, and will feature dual-fuel engines capable of burning LPG or conventional low-sulphur fuels, along with a shaft generator system for onboard power generation. The Panamax dimensions offer charterers flexibility to transit the old Panama Canal locks, and the design includes energy-saving devices to improve efficiency. Separately, Dorian LPG issued forward chartering estimates for the quarter ending September 2026, indicating that 99% of its calendar days are fixed at rates above $88,000 per day. The company also signed a new seven-year, $368.4 million credit facility, refinancing existing debt and providing additional financial flexibility for growth and fleet renewal.

Cision Canada released its weekly roundup of the most newsworthy press releases, featuring ten stories spanning energy, food, infrastructure, mining, health, retail, sports, and philanthropy. Hanwha Ocean signed a strategic memorandum of understanding with Kanata Clean Power for a proposed floating LNG project in Canada, subject to environmental assessments and regulatory approvals. A&W announced the limited-time return of its iconic Root Beer Float for the summer season. Hydro One is seeking Ontario Energy Board approval to build the Durham Kawartha Power Line, with proximate First Nations offered a 50 per cent equity stake in the transmission line component. BTG Critical Infrastructure Co-Invest LP I acquired Stephenville International Airport, establishing a strategic Atlantic Canadian infrastructure platform. PMET Resources Inc. reported a concept study identifying a potential refining pathway to battery-grade lithium carbonate at its Shaakichiuwaanaan Project in Quebec. Arizona Metals filed a NI 43-101 technical report for the Kay Mine Project preliminary economic assessment. Health Canada approved ZEPBOUND as the first-ever obstructive sleep apnea medication for adults with obesity. Zellers is leaning into nostalgia with a 25-foot inflatable Zeddy Bear, the Zellers Diner on Wheels food truck, and the return of kiddie rides for its Toronto opening. Canada Post unveiled its fifth annual stamp set celebrating Indigenous leaders in sport, and Hyundai Hope on Wheels surprised a young cancer survivor with tickets to Canada's opening match at the FIFA World Cup 2026.

Ontario Shipyards recently visited Hanwha Ocean's Geoje Shipyard in the Republic of Korea to advance strategic cooperation between the two organizations. The delegation included Dan Vyselaar, Senior Director of Technical Services, and Mathias Marcotte, Managing Director of Shipbuilding. Working meetings focused on shipbuilding capability development, production planning, quality management, workforce development, smart shipyard operations, and industrial modernization. Both parties agreed to pursue future collaboration with Mohawk College to support skilled trades development and introduce advanced training technologies. The partnership aims to strengthen Ontario Shipyards' capabilities through technology transfer, operational best practices, and infrastructure enhancement.