Dorian LPG has forged a deal to add three chartered-in newbuildings to its fleet as the VLGC owner reported rising quarterly profits that beat Wall Street expectations.
The Connecticut-headquartered shipowner said the agreements for the trio of newbuildings will last seven years and have options to purchase the LPG carriers.
As is common with the VLGC orderbook, the ships are dual-fuel vessels that can run on LPG or conventional marine fuels.
