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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.

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