Dorian Ventures into New Markets
Dorian LPG Ltd., has entered into a Memorandum of Understanding (MOU) with HNA Logistics Group Co. Ltd. to explore opportunities in the liquefied petroleum gas (LPG) logistics market.
Director and Vice President of HNA Logistics, Ximen Chen, said: “We will jointly engage in the development of green energy logistics which includes LPG vessel investment, gas supply chain solutions and infrastructure in the Chinese market, with the ultimate goal of together building an LPG distribution business in China to take advantage of the significant opportunities for growth in the global LPG industry.”
Dorian LPG has also recently taken delivery of the eco VLGC “Comet” from Hyundai Heavy Industries Co. Ltd. in Ulsan, South Korea. The vessel will immediately enter into a 5-year time charter with Shell.
Press Release, July 28, 2014