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Market Impact: 0.3
Dorian LPG Orders Three VLGCs For $345 Mln, Secures New $368 Mln Credit Facility
Source: Nasdaq
M&A & RestructuringCompany Fundamentals
Dorian LPG agreed with Hanwha Ocean to build three 90,000-cubic-meter dual-fuel Panamax very large gas carriers for approximately $345 million. The disclosed capex/order book addition is a modest positive for earnings visibility and utilization assumptions, but the news is unlikely to be market-moving beyond the involved stocks.
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mildly positive
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LPG0.65
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