Dorian LPG(US:LPG)2023-02-01 16:06Financial Performance - Fleet TCE (Time Charter Equivalent) reached $52,768 per operating day[7] - Spot TCE averaged $53,754 per operating day[7] - Fleet utilization was at 97.8%[7] - Cash and investments totaled $129.9 million as of December 31, 2022[7] - Total debt obligations amounted to $635.6 million as of December 31, 2022[7] - Net income for the three months ended December 31, 2022, was $51,263,710, compared to $16,580,885 for the same period in 2021[17] Market Trends - North American exports increased year-over-year, with the United States exporting 13,524,958 in 4Q22 compared to 13,030,489 in 4Q21[9] - Middle East exports showed positive growth over the quarter, reaching 11,563,752 in 4Q22[10] Environmental Initiatives - Scrubber operations yielded average savings of approximately $246 per metric ton of HSFO consumed, with voyage economics improving by about $5,831 per day net of scrubber OPEX in 4Q22[14] - The company is installing three additional scrubber units on vessels undergoing scheduled dry docking[15]