Dorian LPG orders one VLGC for $115M, agrees to sell three for $256M, provides rate estimates

DORIAN LPG LTD.

Entered contract with HD Hyundai for one 90,000 cbm dual-fuel VLGC; delivery July 2029 at ~$115M.
Signed MOUs to sell 2014-built Corsair and two 2015-built VLGCs for aggregate ~$256M; expected by Q4 2026.
Q2 ending June 30, 2026: 99% of calendar days fixed at rates >$68,000/day; July: 34% fixed >$100,000/day.
Newbuilding is Panamax with shaft generator, can transit old Panama Canal, reduces emissions.

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