New York-listed owner of VLGCs Dorian LPG has entered into an agreement with Hanwha Ocean to build three 90,000 cbm dual-fuel panamax VLGCs for delivery in June, September, and December of
New York-listed owner of VLGCs Dorian LPG has entered into an agreement with Hanwha Ocean to build three 90,000 cbm dual-fuel panamax VLGCs for delivery in June, September, and December of 2030 for a total price of approximately $345m.
The very large gas carrier newbuildings will feature dual-fuel engines capable of operating on LPG and conventional low-sulphur fuels, as well as a shaft generator system that enables onboard power generation during sea passages.
Their hull forms and main engines will be optimized to accommodate larger-diameter propellers and energy-saving devices around the propellers.
Dorian’s newbuildings will be built consistent with its long-term approach of investing in technologically advanced ships.
John C. Hadjipateras, chairman, president and chief executive officer, said, “These newbuildings reflect our measured approach to fleet renewal coupled with a capital allocation strategy that drives long-term shareholder value creation.”
The VLGC owner also reports the following estimates for its fleet for
Content Original Link:
Read full article from Original Source TELEGRAPH HELLENIC SHIPPING
" target="_blank">Read full article from Original Source TELEGRAPH HELLENIC SHIPPING
