Dorian LPG is understood to be closing in on bank financing for its vast very large gas carrier (VLGC) newbuilding programme after securing export credit backing over Christmas.
A consortium of at least three European banks has stepped up with a package for the world’s second largest VLCG player, well-placed sources indicate.
Dorian has previously stated its confidence in finding money for a newbuilding programme worth $1.36bn.
