Dorian LPG(US:LPG) Businesswire·2026-03-20 10:00Core Insights - Dorian LPG Ltd. has taken delivery of a new dual-fuel very large gas carrier (VLGC) named "Areion," which can operate on both LPG and ammonia, enhancing the company's fleet capabilities and emissions profile [1][2][3] Fleet Expansion - The addition of "Areion" marks the second wholly owned LPG dual-fuel ship in Dorian's fleet, increasing the proportion of low emissions alternative fuel ships to over 20% [2] Environmental Technology - "Areion" is equipped with a hybrid scrubber that reduces emissions of sulphur oxides, particulate matter, and CO2 by approximately 20% compared to traditional fuels [3] - The ship features Alternative Marine Power (AMP) equipment for emission-free port operations and is ready for a Battery Energy Storage System (BESS) to optimize onboard power management [4] Financial Aspects - Concurrent with the delivery of "Areion," Dorian LPG secured a loan of $62.9 million from Citibank and Nordea to finance the delivery payment and associated costs [5][6]