Dorian LPG Orders Three VLGCs from HHI

Dorian LPG said that it has declared its options to construct three additional VLGCs at Hyundai Heavy Industries (HHI) in South Korea.

The three additional VLGC’s will be similar to the initial fuel-efficient VLGC newbuildings ordered at HHI in April 2013. The company expects to take delivery of the three VLGCs in the second, third and fourth quarters of 2015.

Dorian also announced that it has entered into five-year time charters for two of its VLGCs. The charters are expected to commence during the third and fourth quarters of 2014.