Dorian LPG Ltd. Announces Entry into a Five-Year Time Charter for the Commander

03 Dec, 2015, 16:30 ET from Dorian LPG Ltd.

STAMFORD, Conn., Dec. 3, 2015 /PRNewswire/ -- Dorian LPG Ltd. (NYSE:  LPG) (the "Company" or "Dorian LPG"), a leading owner and operator of modern Very Large Gas Carriers ("VLGCs") is pleased to announce that it has entered into a five-year time charter for the Commander to a major Asian oil company. The time charter commenced in the fourth quarter of 2015.

 

About Dorian LPG Ltd.

Dorian LPG is a liquefied petroleum gas shipping company and a leading owner and operator of modern VLGCs. Dorian LPG currently owns and operates 20 modern VLGCs and one pressurized LPG vessel. In addition, Dorian LPG has two ECO VLGC newbuildings under construction. Dorian LPG has offices in Connecticut, USA, London, United Kingdom and Athens, Greece.

Forward-Looking Statements

This press release contains "forward-looking statements." Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," "projects," "forecasts," "may," "should" and similar expressions are forward-looking statements. These statements are not historical facts but instead represent only the Company's belief regarding future results, many of which, by their nature are inherently uncertain and outside of the Company's control. Actual results may differ, possibly materially, from those anticipated in these forward-looking statements. For a discussion of some of the risks and important factors that could affect future results, see the discussion in the Company's Annual Report on Form 10-K, under the heading "Risk Factors." The Company does not assume any obligation to update the information contained in this press release.

Ted Young; Chief Financial Officer: Tel.: +1 (203) 674-9900 or IR@dorianlpg.com

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SOURCE Dorian LPG Ltd.



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