Dorian LPG’s latest financial moves have been endorsed by Pareto Securities, which upgraded the shipowner to ‘buy’.
The John Hadjipateras-led company secured a $97m bridge loan from DNB last week after securing bank waivers earlier this month.
Eirik Haavaldsen, analyst at Pareto Securities, said Dorian LPG is now reaping the benefits of its conservative approach to dividends and leverage in these “disturbing VLGC times”.
