BlackRock has taken a big position in Connecticut-based VLGC owner Dorian LPG.

The New York investment giant disclosed in regulatory filings on Friday that it now owns 10% of the John Hadjipateras-led company, or 5.1m of its shares.

BlackRock's holding makes it the third-largest shareholder among institutional investors, behind Kensico Capital Management and its 8m shares, good for 15.7% of the company, and Wellington Management Group and its 6.3m