Executives at New York-listed Dorian LPG are interested in growing their fleet, but the current asking price on VLGCs will make such transactions difficult, according to a JP Morgan report.
Analyst Noah Parquette says the remarks were delivered by US chief executive John Lycouris and chief financial officer Ted Young at JP Morgan's Aviation, Transportation, and Industrials Conference.
While newbuilding orders are off the table, the executives "mentioned an interest in growing the business, either through individual secondhand purchases or company acquisitions," Parquette said.
But
