Ocean shipping is the "canary in the coal mine" for how coronavirus will impact the global economy. "I think the markets and many people are still underestimating the knock-on effects that the coronavirus will have," warned Angela Chao, CEO of the Foremost Group, a dry bulk shipping owner that does considerable business with China. Just one example of potentially excessive optimism: Shares of crude-tanker owner DHT Holdings (NYSE: DHT) are up 10% since Friday, as investors bet on a V-shaped post-virus bounce.

Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG"), a leading owner and operator of modern and ECO very large gas carriers ("VLGCs"), will issue a news release on Wednesday, February 5, 2020 prior to the market open, announcing its financial results for the third quarter ended December 31, 2019.

NEW YORK, NY / ACCESSWIRE / May 27, 2020 / Dorian LPG Ltd. (NYSE:LPG) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on May 27, 2020 at 10:00 AM Eastern ...

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If you want to know what's really happening in ocean shipping, look to what the executives on the front lines of this global business are saying. And when they give an answer that's obviously "talking ...

We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]

With me today are John Hadjipateras, Chairman, President and CEO of during LPG Limited and John Lycouris, Chief Executive Officer of Dorian LPG USA. As a reminder, this conference call webcast and a replay of this call will be available through June 30, 2020.

S&P; Dow Jones Indices will make the following changes to the S&P; SmallCap 600:

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 and nine months ended December 31, 2019.

Fallout from the oil price war extends far beyond U.S. crude production. America's liquefied petroleum gas (LPG) exports are also in the crosshairs.The global LPG trade rose 14% in 2019, to an all-time-high 109 million tons, with almost all of the seaborne volume evenly split between exports from the Middle East and U.S. Gulf. John Hadjipateras, CEO of Dorian LPG (NYSE: LPG), said on his company's Feb. 5 quarterly call that "it appears annual U.S. export volumes will surpass the Middle East for the first time in 2020."But the world has dramatically changed since Hadjipateras made that statement. It now appears U.S. LPG exports will fall back and Middle East exports will rise.LPG market dynamicsLPG is an associated-gas byproduct of the crude and natural gas drilling process and a byproduct of the crude-refining process. Propane and butane are the primary LPG cargoes.Just over half of LPG is used around the world for cooking and heating, with most of the remainder used as feedstock for the petrochemical industry. In the latter case, LPG competes with naphtha, which is created by refining crude oil. Asian and European petrochemical producers switch between using LPG and naphtha as a feedstock, depending on which is cheaper.LPG is transported on long-haul routes aboard vessels known as very large gas carriers (VLGCs) that have a capacity of around 84,000 cubic meters. The top listed VLGC owners are Dorian in the U.S. and BW LPG and Avance Gas in Norway.Shift to the Middle EastThe plunge in crude oil pricing driven by the Saudi production surge is likely to reduce U.S. LPG output."The preponderance of incremental [U.S. LPG] production would be from associated gas [from drilling] in the West Texas Permian Basin," explained Stifel analyst Ben Nolan during this week's Virtual Investor Forum, hosted by J Mintzmyer on Value Investor's Edge via Seeking Alpha.Permian Basin crude production is expected to be heavily curtailed. "If the U.S. scales back [crude] production, we will see a reduction of associated gas coming out of there in the future," said John Lycouris, CEO of Dorian LPG subsidiary Dorian LPG (USA) LLC, during the Virtual Investor Forum.However, Lycouris emphasized that "with the amount of crude oil that's going to be produced [globally], there's going to be plenty of associated gas from the countries producing more crude — countries in the Middle East and also Russia.""That means there will perhaps be a shift in the next few months, with more gas coming out of the Middle East than out of the U.S. Gulf."If so, continued Lycouris, "we're going to have an increase in shipping demand from the Middle East and we expect that whatever utilization might be lost from the U.S., if any, would be mopped up very quickly by Middle East demand."Ton-mile effectVLGC demand is measured in "ton-miles" — volume multiplied by distance. The shorter the voyage distance, the lower the vessel demand for the same cargo volume.The voyage between Ras Tanura, Saudi Arabia, and Chiba, Japan, is 29% shorter than from Houston to Chiba via the Panama Canal. Thus, if the volume of LPG transported by sea remains the same but more comes out of the Middle East than the U.S. Gulf, it's negative for VLGC demand.Dorian LPG CFO Ted Young characterized the voyage distance for U.S. and Middle East exports as "not a whole lot different" and affirmed that Dorian is "somewhat indifferent [to where exports come from] as long as the products are moving on our ships."Demand destruction ahead?The worst-case scenario for VLGC owners would be for Asian petrochemical producers to opt for naphtha over LPG as a feedstock. Dorian CFO Ted Young. Photo credit: John Galayda/Marine Money"If the price of propane becomes more expensive in the U.S. because there is less supply, and if international oil prices fall [bringing down the price of naphtha], then the arb closes," said Nolan, referring to the arbitrage profit that compels shippers to transport LPG from the U.S. Gulf to Asia.Young said that "naphtha is becoming a bit more preferred in some places, but not all over the world ... and don't forget, there is less naphtha around because the refiners are producing lighter [crude grade] runs."Young also pointed out that beyond the petrochemical market, "53% of the world demand is pretty inelastic — it's heating and cooking. For heating and cooking, you've got the hardware in your home. That's not going to change. There's going to continue to be demand for that." More FreightWaves/American Shipper articles by Greg Miller  See more from Benzinga * Arizona's New 4 Million Highway Project Aims To Boost International Trade * Trump Signs Bill To Require Many Employers To Provide Paid Leave * Rest Stops Nationwide Appear To Be Mostly Up And Running After PA Decision(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

The trade war launched by U.S. President Donald Trump has precipitated years of negative sentiment for ocean-shipping stocks. The new phase-one agreement halts new tariffs that were to go into effect on Dec. 15 and marks a first step toward getting U.S.-China trade flows back to levels seen prior to Trump's election. Trade tensions have been an ever-present overhang on the performance of U.S.-listed shipping stocks because so much of ocean-shipping demand is contingent on Chinese imports and exports of commodities and containerized goods.

Shares of Dorian LPG (NYSE:LPG) rose 2.5% in pre-market trading after the company reported Q4 results.Quarterly Results Earnings per share rose 468.18% over the past year to $0.81, which beat the estimate of $0.62.Revenue of $95,202,000 up by 176.21% year over year, which beat the estimate of $84,830,000.Guidance Dorian LPG hasn't issued any earnings guidance for the time being.Dorian LPG hasn't issued any revenue guidance for the time being.How To Listen To The Conference Call Date: May 27, 2020View more earnings on LPGTime: 10:00 AMET Webcast URL: http://public.viavid.com/player/index.php?id=139930Price Action Company's 52-week high was at $16.68Company's 52-week low was at $6.08Price action over last quarter: down 34.80%Company Description Dorian LPG Ltd is an international liquefied petroleum gas shipping company focused on owning and operating gas carriers, or VLGCs. The company currently owns and operates around 22 modern VLGCs, including nineteen new fuel-efficient 84,000 cbm ECO-design VLGCs. Dorian LPG has offices in Connecticut, USA, London, United Kingdom and Athens, Greece. The company's customers include energy companies such as Exxon Mobil Corp., China International United Petroleum and Chemicals Co., Ltd., Royal Dutch Shell plc and Statoil ASA, commodity traders such as Itochu Corporation and the Vitol Group and importers such as E1 Corp., SK Gas Co. Ltd., and Indian Oil Corporation.See more from Benzinga * Recap: Golden Ocean Group Q1 Earnings * Recap: FinVolution Q1 Earnings * Recap: Photronics Q2 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG"), a leading owner and operator of modern and ECO very large gas carriers ("VLGCs"), will issue a news release on Wednesday, May 27, 2020 prior to the market open, announcing its financial results for the fourth quarter and fiscal year ended March 31, 2020.

The signing of the Phase One trade pact between the U.S. and China on Wednesday is a clear positive for ocean shipping demand. China is committed to buying $77.8 billion in U.S. manufactured products over the next two years, which is good for the container sector; $32 billion in agricultural products, a plus for dry bulk shipping; and $52.4 billion in energy exports, which should support tankers carrying crude oil, liquefied petroleum gas (LPG) and liquefied natural gas (LNG). Increased volumes from the U.S. would likely lead to reductions from other countries.

NEW YORK, March 19, 2020 -- Capital Link is pleased to announce that the 14th Annual International Shipping Forum will take place as a Digital Forum on Monday, March 30 &.

Q4 2020 Dorian LPG Ltd Earnings Call

Q3 2020 Dorian LPG Ltd Earnings Call

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Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG"), a leading owner and operator of modern very large gas carriers ("VLGCs"), today reported its financial results for the three months and fiscal year ended March 31, 2020.

Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG"), a leading owner and operator of modern and ECO very large gas carriers ("VLGCs"), today announced the closing of two significant debt financing transactions, underscoring its ability to source attractively priced and structured capital in the current challenging environment.