Dorian LPG Ltd (LPG): In A Sweet Spot
SUMMARY
- Very Large Gas Carriers transport ethane, natural gas and LPG. There are several companies that operate these VLGC vessels as part of global oil & gas trade.
- But the industry has witnessed very bad performance in the last 2-3 years with spot prices dipping to all time lows. Dorian LPG is one such carrier which had to register loss in the period.
- However, the conditions have changed to open an arbitrage window as US LPG is price competitive even with shipping costs included.
- Spot prices for VLGCs have . . .
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