45.98
-1.22%
Close of 9 Nov 2026, in USD
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About Dorian LPG
From its filings with the US Securities and Exchange Commission
Dorian LPG is based in Stamford, Connecticut and is incorporated in Marshall Islands. Its shares trade on NYSE under the ticker LPG. The SEC classifies its business as deep sea foreign transportation of freight. In the fiscal year to 31 March 2026, it reported revenue of $481.5m and net income of $193.7m. At that date it held total assets of $1.87bn and shareholders' equity of $1.14bn.
Dorian was incorporated on July 1, 2013 under the laws of the Republic of the Marshall Islands, is headquartered in the United States and is engaged in the transportation of LPG. Specifically, Dorian and its subsidiaries are focused on owning and operating VLGCs in the LPG shipping industry. Our founding executives have managed vessels in the LPG shipping market since 2002. As of May 22, 2026, our fleet consists of twenty-seven VLGCs, including one 93,000 cbm dual-fuel ECO-design Very Large Gas Carrier / Ammonia Carrier (“VLGC/AC”), one 84,000 cbm dual-fuel ECO-design VLGC; eighteen fuel-efficient 84,000 cbm ECO-design VLGCs, or our ECO VLGCs; one 82,000 cbm modern VLGC/AC; four time chartered-in dual fuel Panamax size VLGCs; one time chartered-in ECO Panamax VLGC, and one time chartered-in modern VLGC. The twenty-seven vessels in our fleet, including the six time chartered-in vessels, as of May 22, 2026, have an aggregate carrying capacity of approximately 2.3 million cbm and an average age of 9.6 years. We provide in-house commercial services for all of our vessels, including our vessels deployed in the Helios Pool (defined below), which may also receive commercial management services from MOL Energia (defined below). Excluding our time chartered-in vessels, we provide in-house technical management services for all of our vessels, including our vessels deployed in the Helios Pool.
Quoted from its 10-K, filed 27 May 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Energy
- Industry
- Oil, Gas & Consumable Fuels
- Listed since
- 8 May 2014
- Employees
- 512
- Website
- dorianlpg.com ↗
- Head office
- 27 SIGNAL ROAD, STAMFORD, CT, 06902
- Incorporated in
- 1T
- Classification
- Deep Sea Foreign Transportation of Freight
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. John HadjipaterasChairman of the Board, President, Chief Executive Officer and President of Dorian LPG (USA) LLC, since 2013$5.3m
- Mr. Theodore YoungChief Financial Officer, Treasurer, Principal Financial and Accounting Officer; Chief Financial Officer and Treasurer, Dorian LPG (USA) LLC$2.4m
- Mr. Alexander HadjipaterasChief Operating Officer, Senior Executive Vice President Dorian LPG (USA) LLC and Managing Director Dorian LPG Management Corp. (Athens)$1.9m
- Mr. John LycourisHead - Energy Transition, Chief Executive Officer of Dorian LPG (USA) LLC, Director, since 2013$2.3m
- Mr. Tim HansenChief Commercial Officer$2.3m
- Mr. Malcolm McavityLead Independent Director$210,145
- Mr. Ted KalborgIndependent Director$207,492
- Mr. Oivind LorentzenIndependent Director$198,454
- Ms. Marit LundeIndependent Director$241,500
- Mr. Mark RossIndependent Director
- Ms. Christina TanIndependent Director$204,300
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 50
- Environment
- 51
- Social
- 34
- Governance
- 65
- Women in the workforce
- 4.735%
- Carbon reduction policy
- Yes
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Dorian LPG Ltd has a strong global presence in the liquefied petroleum gas (LPG) shipping industry. The company boasts an extensive fleet of modern vessels, which allows for efficient and reliable transportation of LPG across major global markets. This strong fleet gives Dorian LPG a competitive advantage over its rivals and enables the company to serve a wide range of customers efficiently.
- Additionally, Dorian LPG has established long-term relationships with key customers, including major oil and gas companies. These partnerships contribute to stable revenue streams and provide a foundation for future business growth.
Weaknesses
- One of the main weaknesses of Dorian LPG is its dependency on the global economic conditions and the demand for LPG. The company's financial performance is susceptible to fluctuations in oil prices and global market dynamics, which can impact shipping rates and overall profitability. Furthermore, Dorian LPG faces competition from other shipping companies, which can limit its market share and profitability if not effectively managed.
Opportunities
- The growing demand for cleaner energy sources presents significant opportunities for Dorian LPG to expand its operations. As governments and industries worldwide shift towards reducing carbon emissions, LPG is expected to play a vital role in the global energy transition. Dorian LPG can capitalize on this trend by increasing its focus on environmentally friendly shipping solutions, attracting new customers and expanding its market share.
- Moreover, the company has the opportunity to diversify its offerings and explore additional markets beyond LPG. By leveraging its expertise in shipping and logistics, Dorian LPG could potentially venture into related sectors such as liquefied natural gas (LNG) or other clean energy sources.
Threats
- Dorian LPG faces potential threats from regulatory changes and geopolitical factors. Changes in shipping regulations, environmental policies, or trade agreements can impact the company's operations and increase compliance costs. Additionally, political tensions or conflicts in key markets where Dorian LPG operates can potentially disrupt trade routes or affect customer demand for LPG transportation services.
- Another threat is the emergence of alternative energy sources or technologies that could reduce the demand for LPG or change the shipping industry landscape. Dorian LPG needs to stay updated with market trends and proactively adapt its business strategies to mitigate such risks.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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