Dorian LPG has struck a third sale and leaseback deal in the Japanese market.

New York-listed Dorian says the 84,000-cbm Corvette (built 2015) has been sold for $70m.

The Hyundai Heavy Industries built vessel is being bareboated back to the John Hadjipateras-led shipowner with a mandatory buyback in 2031.

Dorian says the transaction will lead to a $56m cash boost, of which $33.7m