Everything came up roses for tanker giant Frontline in 2023, but not even John Fredriksen’s flagship could overcome the riches the LPG market bestowed on Dorian LPG in the fourth quarter.

The gas market rally fuelled by drought-related Panama Canal disruption and rising US Gulf exports rocketed Dorian past Frontline as the top-performing shipping stock under coverage of investment bank Jefferies for the year past.