×

Warning

JUser: :_load: Unable to load user with ID: 55

Dorian LPG has completed financing of its newbuild programme with $761m in debt across four tranches involving seven commercial banks and the Export Import Bank of Korea (KEXIM).

Oivind Lorentzen III, ceo of Seacor Holdings, and the speaker at the Connecticut Maritime Association’s monthly lunch, drew a much larger than normal crowd as he spoke about topics ranging from Seacor’s business mix, serving industrial transportation, to views on US oil exports, which the company “would be betting against” at this point.

Norway OTC-listed Dorian LPG has completed a $250m private share placement.

With its recently announced Dorian LPG transaction, Scorpio Tankers is set to enter what Robert Bugbee, the company president, calls a “harvesting” phase. In its Q3 earnings call, Bugbee talked about the fruits of its previous investments in product tankers (both MR and LR sizes) and LPG/ large gas carriers now bearing fruit.

Page 2 of 2