New York-listed very large gas carrier (VLGC) owner Dorian LPG has clinched a five-year time charter for one of its newbuildings.
The 84,000-cbm Commander (built 2015) is understood to have been taken by Unipec at $970,000 per month from this month, giving Dorian total revenue of $58m for the period.
The rate compares to the current spot market level at close to $2m per month.
