Dorian CEO: We deliver ahead of expectations

A strong rate environment for Very Large Gas Carriers and a bigger fleet pushes Dorian LPG's second quarter results above the company's expectations, says CEO John Hadkipateras.

Photo: Dorian LPG

Good news from the world's largest gas carriers keep on coming. This time, Dorian LPG, which focuses on the VLGC segment, can once again present progress in the second quarter of its fiscal year. The carrier generated revenue of USD 74.9 million, up from USD 20.3 million in the same period last year, while net profit came to USD 41.2 million against USD 3.7 million in Q2 2014.

The progress is, among other things, brought on by Dorian LPG's utilization of its large fleet of newbuildings and the delivery of five new eco-design VLGCs in the most recent quarter, says CEO John Hadkipateras.

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