Asia light ends: Key market indicators for July 26-30
The direction of Asia’s light ends markets was mixed in mid-morning trade July 26, with gasoline driven up by a stronger US RBOB-Brent crack; though this may be balanced by ample Chinese exports in August.
LPG was poised to see a third consecutive increase in term contract prices for August as swaps values remained firm at the start of the July 26-30 trading week, while naphtha was supported by crude oil even though end-user demand was muted.
Front-month ICE September Brent crude futures stood at $73.74/b at 11:47 am Singapore time (0347 GMT) July 26, down 36 cents/b from the previous close.
Dorian LPG Ltd., a leading owner and operator of modern very large gas carriers (“VLGCs”), reported its financial results for the three months and fiscal year ended March 31, 2021. Highlights for the Fourth Quarter Ended March 31, 2021 • Revenues of $99.6 million. • Time charter equivalent (“TCE”)(1) per operating day rate for our .
Dorian LPG Ltd Announces Fourth Quarter and Full Fiscal Year 2021 Financial Results prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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STAMFORD, Conn., Feb. 2, 2021 /PRNewswire/ Dorian LPG Ltd. (NYSE: LPG) (the Company, Dorian LPG, we, and our ), a leading owner and operator of modern very large gas carriers ( VLGCs ), today reported its financial results for the three months ended December 31, 2020.
Key Recent Development
Announced that we will commence a tender offer to purchase up to 7.4 million, or about 14.8%, of our common shares at a price of $13.50 per share.
Highlights for the Third Quarter Fiscal Year 2021
Revenues of $88.5 million and Time Charter Equivalent ( TCE )
(1) rate for our fleet of $42,298 for the three months ended December 31, 2020, compared to revenues of $85.4 million and TCE rate for our fleet of $43,410 for the three months ended December 31, 2019.