Dorian LPG Orders Three LPG Dual-Fuel Panamax VLGCs for $345 Million

by Ship & Bunker News Team
Friday September 4, 2026
  • Three 90,000 cbm dual-fuel Panamax VLGCs ordered from Hanwha Ocean for about $345 million
  • Deliveries in June, September, and December 2030
  • Ships to burn LPG or low-sulphur fuel, with shaft generators for at-sea power
  • New $368.4 million seven-year credit facility consolidates four existing loans

Dorian LPG has ordered three 90,000 cbm dual-fuel Panamax very large gas carriers from Hanwha Ocean for a total of about $345 million, with deliveries due in June, September, and December 2030.

The Stamford, Connecticut-based owner said in a statement on Friday that the ships will have dual-fuel engines capable of running on LPG or conventional low-sulphur fuels, together with a shaft generator system for onboard power generation on passage.

Hull forms and main engines are optimised for larger-diameter propellers and energy-saving devices around them, it said, and the Panamax dimensions give charterers the flexibility to transit the older Panama Canal locks.

"These newbuildings reflect our measured approach to fleet renewal coupled with a capital allocation strategy that drives long-term shareholder value creation," said chairman, president, and CEO John C. Hadjipateras.

The order adds to a fleet the company puts at 25 VLGCs, six of them dual-fuel ECO ships.

Dorian also estimates it has fixed 99% of its calendar days for the quarter ending September 30 at a rate above $88,000 per day, excluding any demurrage earned on voyages completing in September.

Ship & Bunker News Team
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