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Dorian LPG's revenue drops in strained gas market

Gas carrier Dorian LPG's revenue as well as bottom line declined in the fiscal year 2020/2021. The combination of lower freight volumes and a surge in new vessels hitting the market creates challenges, but the company is in its "best position ever," says CEO in the report.

Photo: PR / Dorian LPG

New York-based gas carrier Dorian LPG exits fiscal year 2020/21 with a drop on both the top and bottom line. And market conditions look set to remain under pressure in the coming year as well.

For the fiscal year ended on March 31, Dorian LPG delivers a USD 92.5 million profit, a decline from last year's USD 333.4 million profit.

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