Dorian LPG Ltd
dorianlpg.comWhat Do They Do?
Ships liquefied petroleum gas for global energy companies, commodity traders and importers, operating large gas carriers.
10-K for FY2026, filed May 27, 2026
How Do They Make Money?
LPG charterers pay for transport through spot voyages, cargo contracts or time charters. Dorian receives a variable share of the Helios Pool’s net revenue as charter hire, based on vessel availability and pool points.
10-K for FY2026, filed May 27, 2026On April 1, 2015, we and MOL Energia Pte. Ltd. (“MOL Energia”), formerly known as Phoenix Tankers Pte. Ltd., a wholly-owned subsidiary of…View ↗
A spot market voyage charter is generally a contract to carry a specific cargo from a load port to a discharge port for an agreed upon…View ↗
Contracts of Affreightment relate to the carriage of multiple cargoes over the same or several routes at pre-agreed terms, volumes and…View ↗
Net pool revenues—related party depend upon the net results of the Helios Pool, and the available days and pool points for each vessel.…View ↗
$481.5M
-
10-K for FY2026, filed May 27, 2026
$481.5M ↗
Who Are Their Customers?
Global energy companies, commodity traders and LPG importers charter vessels directly or through the Helios Pool. Voyages may be arranged as spot trips, cargo contracts or time charters.
10-K for FY2026, filed May 27, 2026Our customers, either directly or through the Helios Pool, include or have included global energy companies such as Exxon Mobil Corp.…View ↗
On April 1, 2015, we and MOL Energia Pte. Ltd. (“MOL Energia”), formerly known as Phoenix Tankers Pte. Ltd., a wholly-owned subsidiary of…View ↗
Contracts of Affreightment relate to the carriage of multiple cargoes over the same or several routes at pre-agreed terms, volumes and…View ↗
10-K for FY2026, filed May 27, 2026
Our customers, either directly or through the Helios Pool, include or have included global energy companies such as Exxon Mobil Corp.…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 40 cents of every revenue dollar as net income in FY2026.
10-K for FY2026, filed May 27, 2026
How Are They Changing?
Growing. Revenue grew 76% in 4 years, from $274.2M in FY2022 to $481.5M in FY2026, about 15% a year.
Who Do They Compete With?
Competes with BW LPG, Nippon Yusen Kabushiki Kaisha, and Petredec
10-K for FY2026, filed May 27, 2026Our largest competitors for VLGC shipping services include BW LPG Ltd., or BWLPG; Nippon Yusen Kabushiki Kaisha, or NYK Line; and Petredec…View ↗
Loading...
