Shanghai: Dorian LPG, a leading owner and manager of modern VLGCs, has announced that it has entered into a memorandum of understanding (MOU) with HNA Logistics Group to explore opportunities in the LPG logistics market.
John Hadjipateras, chairman, president and ceo said the unique presence of HNA Logistics in the Chinese market creates opportunities to develop energy related transportation, finance, infrastructure and distribution and Dorian will focus its efforts in the Chinese market to forge relationships with Chinese LPG ship charterers and LPG end users.
"The MOU with Dorian LPG presents a significant opportunity for our company to collaborate with a leader in the LPG industry," said Chen Ximen, director and vice president of HNA Logistics. "We will jointly engage in the development of green energy logistics which includes LPG vessel investment, gas supply chain solutions and infrastructure in the Chinese market, with the ultimate goal of together building an LPG distribution business in China to take advantage of the significant opportunities for growth in the global LPG industry," Chen added. [28/07/14]