Low gas rates keep Dorian LPG down

A strained market for gas tankers forced VLGC carrier Dorian LPG further into the red, though improved fleet utilization boosted revenue. The CEO is optimistic.

by DANIEL LOGAN

Dorian LPG, which focuses on the major VLGC gas tankers, finished the second quarter of the fiscal year 2017/2018 with a bigger deficit on the bottom line.

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Dorian LPG's deficit grew in the first quarter
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Dorian pulled into the red by weak LPG market in 2016
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Media: LPG cargo piling up off of Singapore
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