Headquartered in Stamford, CT Fiscal year ends March NYSE: LPG dorianlpg.com
Dorian LPG Ltd. (NYSE: LPG) owns and operates very large gas carriers (VLGCs) that transport liquefied petroleum gas (propane and butane) globally.
**Fleet**
- The fleet comprises twenty-two VLGCs: five dual-fuel ECO VLGCs, sixteen ECO VLGCs and one modern VLGC.
- It includes owned vessels, bareboat-chartered vessels and Panamax-beam vessels time-chartered in.
- Several vessels are capable of or fitted to carry ammonia.
**Commercial model**
- Vessels are commercially deployed mainly through the Helios Pool, either on voyage charters or on time charters out to third parties.
- Dorian receives net pool revenues based on each vessel's pro rata performance.
**Fleet renewal**
- The company is renewing its fleet by selling older vessels: in 2026 it sold the Corsair, Constellation, Captain John NP and Clermont.
- It has ordered three dual-fuel Panamax VLGCs from Hanwha Ocean for delivery in 2030.
- It recently took delivery of the 2026-built, 93,000 cbm Areion.
**Financing and returns**
- Debt is financed through a new term loan and revolving credit facility, which includes an accordion for future growth.
- The company returns capital through irregular cash dividends.
- It has offices in Stamford, Copenhagen and Athens. Updated
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Dorian LPG Ltd. (NYSE: LPG) owns and operates very large gas carriers (VLGCs) that transport liquefied petroleum gas (propane and butane) globally. **Fleet** - The fleet comprises twenty-two VLGCs: five dual-fuel ECO VLGCs, sixteen ECO VLGCs and one modern VLGC. - It includes owned vessels, bareboat-chartered vessels…
The Wall Street consensus 12-month price target for LPG is $56.60.
