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Dorian LPG clinches sale and leaseback deal for VLGC

Photo of Jason Jiang Jason JiangMay 12, 2020
178 Less than a minute

LPG carrier operator Dorian LPG has entered into a sale and leaseback deal for its 2015-built VLGC Cresques.

The 84,000 cu m vessel has been sold to Japanese owner Hisamoto Kisen for $71.5m and chartered back to the company for 12 years.

Dorian LPG also recently completed two major financing deals to refinance the company’s debt facility.

Dorian LPG’s fleet currently consists of 24 VLGCs.

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Photo of Jason Jiang Jason JiangMay 12, 2020
178 Less than a minute
Photo of Jason Jiang

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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