Dorian LPG, Phoenix Tankers sign VLGC pool agreement

Dorian LPG entered into an agreement with Phoenix Tankers, a unit of Mitsui OSK Lines, to establish a VLGC pool, which is expected to commence operations on January 1st, 2015.

The pool will run from Singapore and London.

Phoenix Tankers currently manages a fleet of eleven VLGCs under a commercial pool agreement. Dorian LPG operates four VLGCs and has 18 newbuilding deliveries scheduled through January 2016.

Press Release, July 31, 2014; Image: Dorian Hellas