Dorian LPG, owned by John Hadjipateras, is making a new $345 million investment with an order for three dual-fuel Panamax VLGCs from South Korea’s Hanwha Ocean.The 90,000-cubic-metre vessels are scheduled for delivery in June, September and December 2030. They will be fitted with dual-fuel engines capable of running on LPG and conventional low-sulphur fuels, as well as energy-saving technologies.“These newbuilds reflect our measured approach to fleet renewal, combined with a capital allocation strategy that drives long-term value creation for shareholders,” the company’s chief executive said in a statement.Dorian also announced a new seven-year $368.4 million credit facility to refinance existing debt and support future growth.
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