Tanker

Dorian doubles revenue on significant rate surge

Gas ship operator Dorian doubled its revenue in the latest quarter due to a 79.2 percent rate increase in LPG and fleet utilization that almost hit the highest level.
Photo: Dorian LPG / PR
Photo: Dorian LPG / PR
by TRINE VESTERGAARD

LPG market rates have boomed during 2019, and this has a clear impact on Dorian LPG, which has doubled its revenue and landed a profit in its first quarter, shows the tanker operator's staggered first quarter running from April to June.

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