Financial Ports

Dorian LPG’s $349m VLGC spree: fleet recycling or growth play?

CLAVE 1 / 4Dorian LPG has been linked to a KRW 477.8bn ($349m) order for three VLGCs at South Korea’s Hanwha Ocean.

CLAVE 2 / 4The vessels, each 88,000 cubic metres, are priced at roughly $116m apiece, with delivery set for December 2030.

CLAVE 3 / 4The deal follows the sale of four older VLGCs this year, generating over $340m in proceeds.

CLAVE 4 / 4Analysts suggest the move could be a near cash-neutral fleet renewal, leveraging strong secondhand values.

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