The NYSE listed Dorian LPG Ltd., one of the world's largest owners and operators of modern and ECO very large gas carriers ("VLGCs") has added to its fleet the 2023-built Dual-Fuel LPG Carrier HLS Citrine.
The ship has been chartered under a long term time agreement.
This is the first Dual-Fuel LPG VLGC to join the company’s fleet. She will trade in the Helios LPG Pool which we operate jointly with MOL subsidiary, Phoenix Tankers. HLS Citrine is able to transit the old Panama Canal locks, reducing delays and costs compared to NeoPanama transits. She is the first of four Dual-Fuel VLGCs that are scheduled for delivery to the Company during calendar 2023 each with improved economics and carbon footprints, consistent with our mission to provide safe, reliable, clean, and trouble-free transportation.
Dorian LPG is a liquefied petroleum gas shipping company and a leading owner and operator of modern very large gas carriers (“VLGCs”). Our founding executives have managed vessels in the LPG shipping market since 2002.
The company currently owns and operates a fleet of 22 modern VLGCs. The twenty-two VLGCs in its fleet have an aggregate carrying capacity of approximately 1.8 million cbm and an average age, excluding 2 chartered-in VLGCs, of 7.5 years.
Dorian LPG provides in-house commercial and technical management services for all of the vessels in its fleet, including the vessels deployed in the Helios Pool. Dorian LPG has offices in Connecticut, USA, Copenhagen, Denmark, and Athens, Greece. Dorian LPG is incorporated in the Republic of The Marshall Islands and headquartered in the United States.
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