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Dorian LPG Ltd. Announces VLGC Newbuilding Contracts, Forward Chartering Estimates, and New Credit Facility

Dorian LPG Ltd., a leading owner and operator of modern very large gas carriers (“VLGCs”), today announced that it entered into an agreement with Hanwha Ocean to build three 90,000 cbm dual-fuel Panamax VLGCs for delivery in June, September, and December of 2030 for a total price of approximately $345 million. The new VLGCs feature ...

We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.

Read the original at hellenicshippingnews.com →

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China faces prolonged port congestions amid typhoons, Mideast war

Major container ports along China’s eastern coast have been experiencing severe congestions in the past few weeks on logistics disruptions amid the typhoon season and the US-Iran war, with current…

  • China faces prolonged port congestion due to typhoons and Middle East conflict.
  • Shanghai and Ningbo ports report 135 and 100 vessels waiting for berths as of September 3.
  • Shipping capacity backlog exceeds 4.3 million TEUs, with canal reductions expected in September.

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