ShippingWatch

Dorian's LPG pool generating solid results

The delivery of newly constructed eco-design vessels along with a stable market have resulted in a profit for the major gas carrier. But the VLGC-pool Helios, in particular, with Japanese Phoenix Tankers has been beneficial for Dorian.

Newly constructed VLGCs are still bringing in cash for Dorian. In the interim report (first quarter 2015), this came to an operating result (EBITDA) of USD 19.4 million compared to USD 7.7 million in the same period last year. Meanwhile, revenue increased from 15.9 million to 20.3 million.

The profit was especially driven by the Helios pool cooperation involving nine VLGCs with Japanese-owned Phoenix-tankers. Dorian has five vessels placed in the pool that generates additional USD 15.3 million in revenue.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Maersk Product Tankers expects 2022 to be "not an amazing year"

There’s no doubt that 2021 was a miserable year for the global tanker industry. But 2022 could end up strong, many parties say. Maersk Product Tankers is more doubtful. ”2022 won’t be an amazing year,” CEO Christian M. Ingerslev tells ShippingWatch.

Researcher criticizes TotalEnergies' fuel report

TotalEnergies ignores shipping’s climate adaptions in the company’s prognosis for shipping’s future fuel consumption, researcher says in criticism. Among other things, TotalEnergies supports LNG.

OOCL doubles revenue despite significant drop in volumes

Container line OOCL, owned by China’s Cosco, doubled its revenue in 2021, with the top line for Q4 alone surging by 101.4 percent, the carrier says. This major increase happens despite a dive in container liftings during the quarter.

Further reading

Related articles

Latest news

See all jobs