Dorian LPG and Phoenix Tankers establish Helios LPG Pool

Dorian LPG and Phoenix Tankers establish Helios LPG Pool

London: A new pool of VLGCs, named Helios LPG Pool, has been founded by Dorian LPG and Phoenix Tankers, part of Mitsui OSK Lines.

The pool will commence operations on April 1 from offices in London and Singapore.

Helios LPG will operate eight VLGCs, including four of Dorian LPG’s VLGCs: Corvette (built 2015), Corsair (2014), Captain John NP (2007) and Captain Nicholas ML (2008; pictured), all of which are of between 82,000 and 84,000 cbm in capacity. A further VLGC to be deployed in the pool is yet to be delivered.

Phoenix will contribute its three VLGCs Ayame (83,270 cbm, built 2010), Hisui (80,199 cbm, built 2010) and Reimei (80,196 cbm, built 2007).

“With the combined management team and fleet that Dorian LPG and Phoenix Tankers have committed to the pool, we are confident that Helios LPG will offer the most flexible LPG transport solutions worldwide while also maintaining the highest standards of safety, reliability and trouble-free transportation solutions,” John Hadjipateras, chairman of Helios LPG, said in a statement today.

Tim Hansen, chartering manager of Dorian LPG (UK), will be managing director of the London office and Harpal Cheema, general manager of Phoenix Tankers’ LPG division, will be managing director of the Singapore office.

The Helios board will have John Hadjipateras, CEO of Dorian LPG, as its chairman, plus directors Tetsuro Ishiura, managing director of Phoenix Tankers; Yoshikazu Urushitani, Phoenix’s associate senior vice-president; and Nigel Widdowson, director of Dorian LPG.

“We are very optimistic about this partnership and the opportunities it presents. Together we have formed a first-class modern eco-VLGC pool that will serve as a leader in LPG transportation worldwide,” Tetsuro Ishiura said.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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