Dorian LPG Ltd. (NYSE:LPG) on Friday announced the delivery of its new dual-fuel LPG and ammonia gas carrier, “Areion.”
The “Areion,” a 93,000 cubic meter vessel, is set to join Dorian’s Helios LPG Pool, enhancing the company’s fleet of low-emission ships to over 20%.
The delivery was financed through a $62.9 million loan from Citibank and Nordea, which includes a commercial tranche with a margin of 1.80% over SOFR, showcasing Dorian’s commitment to advancing its environmental initiatives.
The addition of “Areion” is significant as it operates on LPG and fuel oil, equipped with a hybrid scrubber to minimize emissions. This strategic move aligns with Dorian’s goal to optimize fuel choices and enhance earnings while promoting emission-free port operations.
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