Dorian LPG, a US-listed owner of 20 VLGCs, confirmed on Wednesday expectations for a strong set of financial earnings created last week by the announcement of a dividend boost.

The company posted net income of $20.3m for the three months ended 30 September, up from $14.1m in the same period last year.

Excluding one-off items, such as unrealised gains from derivative instruments, adjusted net income climbed at an even steeper pace to $17.2m