Dorian LPG frees $50m in Japanese leaseback deal as MOL buys older VLGC

Dorian LPG investors are set to be rewarded again after the owner boosted liquidity with two leaseback deals and completed the disposal of an older VLGC.

The New York-listed company said the 84,000-cbm VLGCs Cratis and Copernicus (both built 2015) have been sold to a Japanese financier for $70m each and chartered back on a bareboat basis.

Cash proceeds total $100m, of which $50.6m