STAMFORD, Conn., July 10,
2023 /PRNewswire/ -- Dorian LPG Ltd. (NYSE: LPG) (the
"Company" or "Dorian LPG"), one of the world's largest owners and
operators of modern and ECO very large gas carriers ("VLGCs"), is
pleased to announce that it took delivery of the 2023-built
Dual-Fuel LPG carrier Cristobal, which is the third
dual-fuel LPG carrier to join the Dorian LPG fleet on long-term
time charter with purchase options. She will trade in the Helios
LPG Pool which we operate jointly with MOL subsidiary, Phoenix
Tankers. Cristobal is able to transit the old Panama Canal
locks, reducing delays and costs compared to the new Panama Canal,
and she has a shaft generator, creating additional fuel savings.
She is the fourth of four Dual-Fuel VLGCs delivered to the
Company during calendar 2023, each with improved economics and
carbon footprints, consistent with our mission to provide safe,
reliable, clean, and trouble-free transportation.
Forward-Looking & Other Cautionary Statements
This press release contains "forward-looking statements."
Statements that are predictive in nature, that depend upon or refer
to future events or conditions, or that include words such as
"expects," "anticipates," "intends," "plans," "believes,"
"estimates," "projects," "forecasts," "may," "will," "should" and
similar expressions are forward-looking statements. These
statements are not historical facts but instead represent only the
Company's current expectations and observations regarding future
results, many of which, by their nature are inherently uncertain
and outside of the Company's control. Where the Company expresses
an expectation or belief as to future events or results, such
expectation or belief is expressed in good faith and believed to
have a reasonable basis. However, the Company's forward-looking
statements are subject to risks, uncertainties, and other factors,
which could cause actual results to differ materially from future
results expressed, projected, or implied by those forward-looking
statements. The Company's actual results may differ, possibly
materially, from those anticipated in these forward-looking
statements as a result of certain factors, including changes in the
Company's financial resources and operational capabilities and as a
result of certain other factors listed from time to time in the
Company's filings with the U.S. Securities and Exchange Commission.
For more information about risks and uncertainties associated with
Dorian LPG's business, please refer to the "Management's Discussion
and Analysis of Financial Condition and Results of Operations" and
"Risk Factors" sections of Dorian LPG's SEC filings, including, but
not limited to, its annual report on Form 10-K and quarterly
reports on Form 10-Q. The Company does not assume any obligation to
update the information contained in this press release.
About Dorian LPG Ltd.
Dorian LPG is a liquefied petroleum gas shipping company and a
leading owner and operator of modern VLGCs. Dorian LPG's fleet
currently consists of twenty-six modern VLGCs, including four
dual-fuel LPG vessels. Dorian LPG has offices in Stamford,
Connecticut, USA; Copenhagen,
Denmark; and Athens, Greece.
Visit our website at www.dorianlpg.com
For further information:
Dorian LPG Ltd.
Ted Young - Chief Financial
Officer
(203) 674-9900
IR@dorianlpg.com
Source: Dorian LPG Ltd.
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SOURCE Dorian LPG Ltd.