Dorian LPG is closing in on the profitable sale of one of its modern VLGCs.

Market rumours suggest the 84,000-cbm Caravelle (built 2016) is set to change hands.

A price in the region of $80m is being placed on the Hyundai Heavy Industries-built ship, which has taken some by surprise.

Such a level would translate to a healthy return for Dorian that paid $75m for the vessel as a newbuilding in 2013.

However,