---
schema_version: "secwatch.filing_event.v1"
accession: "0001596993-23-000016"
form_type: "8-K"
ticker: "LPG"
cik: "0001596993"
company_name: "DORIAN LPG LTD."
filed_at: "2023-03-31T23:59:59+00:00"
generated_at: "2026-06-17T07:53:12.893123+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Dorian LPG takes delivery of dual-fuel VLGC Captain Markos under 13-year bareboat charter

## Summary
- Captain Markos delivered March 31, 2023 from Kawasaki Heavy Industries; third of four dual-fuel VLGCs due in 2023.
- Company paid $25M cash and entered into $56M bareboat financing; debt at SOFR + 2.5898% (including spread and margin).
- Financing has fixed monthly principal payments, balloon of $19.4M, and early buyout options from March 31, 2028.
- Vessel will trade in the Helios LPG Pool operated jointly with Phoenix Tankers Pte. Ltd. (Mitsui OSK Lines).
- This is the first technically managed dual-fuel LPG VLGC for Dorian LPG; improves economics and carbon footprint.

## SEC filing metadata
- accession: 0001596993-23-000016
- form_type: 8-K
- ticker: LPG
- cik: 0001596993
- company_name: DORIAN LPG LTD.
- filed_at: 2023-03-31T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1596993/000159699323000016/0001596993-23-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1596993/000159699323000016/lpg-20230331x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001596993-23-000016
- JSON: https://secwatch.observer/filing/0001596993-23-000016.json
- Plain text: https://secwatch.observer/filing/0001596993-23-000016.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.