Dorian LPG Adds Another VLGC Newbuilding

  • Business & Finance

NYSE-listed liquefied petroleum gas (LPG) shipping company Dorian LPG has taken delivery of its sixth very large gas carrier (VLGC) newbuilding, the ECO VLGC Cobra.

The 84,000 cbm LPG carrier was built by South Korea’s Hyundai Samho Heavy Industries.

Upon delivery, the Cobra will enter into a one year time charter with an unnamed oil major through the Helios LPG Pool.

The Cobra will fly under the flag of the Bahamas.

Including the newly-delivered Cobra, Dorian LPG currently owns and operates nine VLGCs and one pressurized LPG vessel.

In addition, Dorian LPG has thirteen ECO VLGC newbuildings under construction.

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