05:50 PM EDT, 07/10/2023 (MT Newswires) -- Dorian LPG(LPG) said it took the delivery of its third dual-fuel liquified petroleum gas carrier for long-term time charter.
The 2023-built Cristobal is "able to transit the old Panama Canal locks, reducing delays and costs compared to the new Panama Canal," the company said in a statement late Monday.
Further, the carrier has a "shaft generator, creating additional fuel savings," the company added.
The LPG arbitrage play may not be as attractive next winter.— Marhelm (@MarhelmData) June 28, 2023
A colder winter in the US and less shale will reduce the available supply.
Dorian LPG is a higher valued favorite in the space given its stable dividends.
Source: Pareto$AGAS $BWLPG $LPG pic.twitter.com/L37WAjkGzu
Dorian LPG Takes Delivery of Liquefied Petroleum Gas Carrier HLS Citrine
MT NEWSWIRES 4:28 AM ET 2/13/2023
06:28 AM EST, 02/13/2023 (MT Newswires) -- Dorian LPG(LPG) said Monday it has taken delivery of liquefied petroleum gas carrier HLS Citrine under a long-term time charter.
HLS Citrine is the first of four dual-fuel very large gas carriers set for delivery to the company in 2023, it said.
MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.
STAMFORD, Conn., Feb. 13, 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 on long-term Time Charter of the 2023-built Dual-Fuel LPG Carrier HLS Citrine. This is the first Dual-Fuel LPG VLGC to join our fleet. She will trade in the Helios LPG Pool which we operate jointly with MOL subsidiary, Phoenix Tankers. HLS Citrine is able to transit the old Panama Canal locks, reducing delays and costs compared to NeoPanama transits. She is the first of four Dual-Fuel VLGCs that are scheduled for delivery 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.
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I’m still big on UEC, but not ready to roll in till Nat gas seems to have topped. 2026 is my target. These nuke plants have years to become profitable. Plus there is a new uranium
Fuel that you can hold in your naked unprotected hand. A game changer..