Dorian LPG Voted "TANKER COMPANY OF THE YEAR 2014" at the Lloyd's List Greek Shipping Awards

December 08, 2014

STAMFORD, Conn., Dec. 8, 2014 /PRNewswire/ -- Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG") has been selected as "Tanker Company of the Year 2014" at the annual Lloyd's List Greek Shipping Awards that took place in Athens on December 5, 2014. The Company currently owns and manages a fleet of five modern VLGCs, including two new fuel efficient ECO type VLGCs that it took delivery of during 2014 and one pressurized LPG carrier. Following the completion of its newbuilding program and delivery of an additional 17 new fuel efficient ECO design VLGCs expected between January 2015 and January 2016, the Company will be one of the world's largest owners of VLGCs.  

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The award cited Dorian's history, the Company's IPO in May of 2014, its collaboration with Phoenix Tankers and strategic partnership with the HNA Group.

Mr. John Hadjipateras, Chairman of Dorian LPG, commented, "We are honored by the selection of Dorian. The men and women of Dorian are stewards of a legacy which carries a heavy responsibility: to protect the sea and those who serve it. Our dedication to provide our customers with safe, efficient and trouble free transportation is the best means of creating value for our shareholders."

About Dorian LPG Ltd.

Dorian LPG is a liquefied petroleum gas shipping company and a leading owner and operator of modern VLGCs. Dorian LPG currently owns and operates five modern VLGCs and one pressurized LPG vessel. In addition, Dorian LPG has 17 ECO VLGC newbuildings under construction. Dorian LPG has offices in Connecticut, USA, London, United Kingdom and Piraeus, Greece.

Forward-Looking Statements

This press release contains "forward-looking statements." Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," "projects," "forecasts," "may," "should" and similar expressions are forward-looking statements. These statements are not historical facts but instead represent only the Company's belief regarding future results, many of which, by their nature are inherently uncertain and outside of the Company's control. Actual results may differ, possibly materially, from those anticipated in these forward-looking statements. For a discussion of some of the risks and important factors that could affect future results, see the discussion in the Company's Annual Report on Form 20-F, under the heading "Risk Factors." The Company does not assume any obligation to update the information contained in this press release.

Contact Information

Marina Hadjipateras

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SOURCE Dorian LPG Ltd.