Dorian LPG Ltd. Announces VLGC Newbuilding Contract, Forward Chartering Estimates and Memorandums of Agreement to Sell Three VLGCs
Dorian LPG announced the execution of memorandums of agreement to sell three VLGCs, including the 2014-built Corsair, for aggregate proceeds of approximately $256 million, alongside a contract with HD Hyundai to construct a new 90,000 cbm dual-fuel VLGC for delivery in July 2029 at a price of roughly $115 million. The company provided forward-looking estimates indicating it has fixed 99% of its calendar days for the current quarter at a rate exceeding $68,000 per day, with 34% of days for July fixed above $100,000 per day.
Key figures
- Days Fixed Qtr
- 99%
- Sale Proceeds
- 256000000
- Newbuild Price
- 115000000
- Qtr Charter Rate
- $68,000 per day
- Newbuild Delivery
- July 2029
- Days Fixed Next Month
- 34%
- Next Month Charter Rate
- $100,000 per day
- Vessels sold
- 3
- Newbuild capacity cbm
- 90000
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