The quarter saw the launch of the Helios LPG Pool but today’s report did not bring any dividend payment as some analysts had anticipated.

New York-listed Dorian, which will run the buyback programme until December 2016, booked a profit of $13.7m in the three months to the end June 2015.

This marked a swing from the $3.67m in the fiscal first quarter of last year, thanks to fleet growth and a strong market.

Earnings