US-headquartered LPG shipping company Dorian LPG has taken delivery of the 2023-built dual-fuel LPG carrier Cristobal, the third dual-fuel LPG carrier to join the Dorian LPG fleet on long-term time charter with purchase options.
The 86,000 cbm VLGC was built by South Korea’s Hyundai Samho Heavy Industries and will sail under Panama’s flag, data from VesselsValue shows. The ship is IMO TIER III compliant, bolstering an ECO engine and a ballast water management system installed onboard.
The LPG carrier will trade in the Helios LPG pool which the company operates jointly with MOL subsidiary, Phoenix Tankers.
“Cristobal is able to transit the old Panama Canal locks, reducing delays and costs compared to the new Panama Canal, and she has a shaft generator, creating additional fuel savings,” Dorian LPG said.
“She is the fourth of four Dual-Fuel VLGCs delivered to the company during calendar 2023, each with improved economics and carbon footprints, consistent with our mission to provide safe, reliable, clean, and trouble-free transportation.”
The company has already taken delivery of 2023-built dual-fuel VLGCs HLS Citrine , HLS Diamond and Captain Markos . Three of the four vessels are on period charters, and one is owned.
With the latest delivery, Dorian LPG’s fleet comprises 23 VLGCs, which are predominantly ECO-type vessels built at renowned Korean shipyards. Twelve of the company’s technically managed ECO VLGCs are fitted with exhaust gas cleaning systems to reduce sulfur emissions.