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.
Dorian LPG LtdOrders new vessels and secures new credit facility, enhancing fleet and financial flexibility.
Hanwha Ocean Co., LtdReceives order for three VLGCs worth $345 million, boosting its order book.
