Newbuildings are not a priority for Dorian LPG, with the shipowner preferring to focus on returning capital to shareholders.
The Connecticut-based, New York-traded gas carrier owner announced a nearly $100m self tender offer alongside its quarterly earnings on Tuesday, looking to buy 7.4m of its own shares for $13.50 each.
That, chief executive John Hadjipateras said on the earnings call, is where the company's focus would stay.
