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.
Already a subscriber? Log in.
Read the whole article
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
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.