Business UpdateMay 27, 2026, 04:13 PM
Dorian LPG Details 27-VLGC Fleet, Helios Pool Operations
AI Summary
Dorian LPG provided an update on its fleet and operations as of May 22, 2026. The company operates a fleet of 27 Very Large Gas Carriers (VLGCs), including 21 owned and 6 time chartered-in vessels, with an average age of 9.6 years and an aggregate carrying capacity of approximately 2.3 million cbm. The fleet includes modern ECO-design vessels, dual-fuel capabilities, scrubbers, and vessels capable of carrying ammonia. The Helios LPG Pool, a joint venture, operates 31 VLGCs and accounted for 99% of Dorian's revenues for the year ended March 31, 2026. As of May 22, 2026, there were 42,782,681 shares of common stock outstanding.
Key Highlights
- Fleet comprises 27 VLGCs as of May 22, 2026, with 21 owned and 6 time chartered-in.
- Fleet has an average age of 9.6 years and 2.3 million cbm aggregate carrying capacity.
- Includes one new 93,000 cbm dual-fuel ECO-design VLGC/AC delivered in 2026.
- 16 ECO VLGCs and one VLGC/AC are fitted with scrubbers for emissions reduction.
- Helios LPG Pool operates 31 VLGCs, including 27 from Dorian's fleet.
- Helios Pool generated 99% of revenues for the year ended March 31, 2026.
- 42,782,681 shares of common stock were outstanding as of May 22, 2026.
Price Impact
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