$LPG (DORIAN LPG) — 8-K: Dorian LPG orders 3 VLGC newbuilds for $345 million; Q2 fleet fixed at $88,000/day

Dorian LPG entered into an agreement with Hanwha Ocean to build three 90,000 cbm dual-fuel Panamax VLGCs for delivery in June, September, and December 2030 at a total price of approximately $345 million. For the quarter ending September 30, 2026, Dorian estimates it has fixed 99% of calendar days at a rate in excess of $88,000 per day, excluding potential demurrage. On September 2, 2026, Dorian entered into a seven-year $368.4 million credit facility with a margin of 140 basis points over SOFR, comprising a $213.4 million term loan and a $155.1 million revolving credit facility, plus a $200 million accordion. The facility refinances existing indebtedness and is expected to consolidate four facilities into one.

Dorian LPG entered into an agreement with Hanwha Ocean to build three 90,000 cbm dual-fuel Panamax VLGCs for delivery in June, September, and December 2030 at a total price of approximately $345 million. For the quarter ending September 30, 2026, Dorian estimates it has fixed 99% of calendar days at a rate in excess of $88,000 per day, excluding potential demurrage. On September 2, 2026, Dorian entered into a seven-year $368.4 million credit facility with a margin of 140 basis points over SOFR, comprising a $213.4 million term loan and a $155.1 million revolving credit facility, plus a $200 million accordion. The facility refinances existing indebtedness and is expected to consolidate four facilities into one.