Dorian LPG(US:LPG)2025-06-25 12:55Financial Performance - The company's fleet TCE (Time Charter Equivalent) / Operating Day was $51,156[7] - Spot TCE / Operating Day reached $52,464[7] - Fleet OpEx (excluding drydock) / Calendar Day was $10,094[7] - Net income for the three months ended June 30, 2023, was $51.72 million, compared to $24.85 million for the same period in 2022[24] - Net cash provided by operating activities was $63.27 million, compared to $34.09 million in the same period last year[24] Fleet Statistics - Fleet utilization was 98%[7] - Spot fleet utilization was 97.9%[7] Cash and Debt - Total cash and investments amounted to $155.6 million as of June 30, 2023[8] - Total debt obligations were $650.3 million[9] Market Trends - Global liftings increased by 8% Q/Q and 15% in 1H23[15] - U.S. waterborne exports increased by 2% Q/Q and 11% in 1H23[18] - Middle East waterborne exports increased by 15% Q/Q and 15% in 1H23[18] Environmental Initiatives - Scrubber vessel daily savings for calendar 2Q23 stood at $2,740/day net of all scrubber OPEX[23] - Average fuel differential for the last quarter was about $169.3/metric ton more for each ton of VLSFO vs each ton of HSFO supplied[23]