Dorian LPG shares fell in New York on Thursday after the company released a trading update.

Shares in VLGC owners have dropped this year after rates collapsed this month.

Dorian LPG stock slumped as much as 6.4% yesterday to $39.75 per share, before rallying to close at $41.06.

DNB trims share price targets for BW LPG and Avance Gas after rates collapse
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The Connecticut-based company guided that the time charter equivalent revenues for its third quarter will be $161.3m