Financing ·
Dorian LPG entered into a new seven-year $368.4 million credit facility to refinance existing indebtedness, comprising…
LPGDorian Lpg Ltd.
Dorian LPG entered into a new seven-year $368.4 million credit facility to refinance existing indebtedness, comprising a $213.4 million term loan and a $155.1 million revolving credit facility with an accordion option of up to $200 million. The company also contracted Hanwha Ocean for three 90,000 cbm dual-fuel Panamax VLGCs at a total price of approximately $345 million, scheduled for delivery in June, September, and December 2030. Additionally, the firm reported forward chartering estimates for the quarter ending September 30, 2026, indicating that it has fixed 99% of its calendar days at a rate exceeding $88,000 per day. Dorian LPG is a leading owner and operator of modern very large gas carriers (VLGCs) that transport liquefied petroleum gas globally.