Dorian LPG upsizes buyback to $113m after huge response from investors

New York-listed VLGC owner Dorian LPG is increasing the size of its share buyback effort as its strategy to return cash to investors saw a massive response.

The Stamford-based owner of 19 VLGCs had originally intended to spend $100m on up to 7.4m of its own shares at $13.50 each against a background of weakening spot rates since early January.