DORIAN LPG LTD. (NYSE:LPG) Files An 8-K Other Events

DORIAN LPG LTD. (NYSE:LPG) Files An 8-K Other Events
Item 8.01 Other Events

Dorian LPG Ltd. ("Dorian") said that on September 20, 2018, its senior management team — including Chairman John Hadjipateras, Chief Financial Officer Theodore Young and Dorian LPG (USA) LLC Chief Executive Officer John Lycouris — and its bankers and lawyers met with members of BW LPG's ("BW") management team — including Chief Executive Officer Martin Ackermann and Chief Financial Officer Elaine Ong — and its bankers and lawyers. This is the latest of several meetings in Dorian's ongoing dialog with BW. Over several hours, Dorian's team gave feedback on information BW had provided Dorian and asked questions about BW's business and proposal. Dorian continues to evaluate BW's proposal and other alternatives to maximize shareholder value.
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This Current Report on Form 8-K contains "forward-looking statements." Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," "projects," "forecasts," "may," "should" and similar expressions are forward-looking statements. These statements are not historical facts but instead represent only the Company's belief regarding future results, many of which, by their nature are inherently uncertain and outside of the Company's control. Actual results may differ, possibly materially, from those anticipated in these forward-looking statements. For a discussion of some of the risks and important factors that could affect future results, see the discussion in the Company's Annual Report on Form 10-K, under the heading "Risk Factors." The Company does not assume any obligation to update the information contained in this Current Report on Form 8-K.


Dorian LPG Ltd. is a holding company. The Company, through its subsidiaries, is focused on owning and operating very large gas carrier (VLGCs) in the liquefied petroleum gas (LPG) shipping industry. The Company is engaged in the transportation of LPG across the world through its ownership and operation of LPG tankers. As of March 31, 2016, the Company owned and operated a fleet of 22 VLGCs, including 19 84,000 cubic meter (cbm) ECO-design VLGCs (ECO VLGCs) and three 82,000 cbm VLGCs. The VLGCs in its fleet had an aggregate carrying capacity of approximately 1.8 million cbm at May 26, 2016. It provides in-house commercial and technical management services for all of its vessels. As of May 26, 2016, its VLGCs included Captain Nicholas ML; Captain John NP; Comet; Corsair; Corvette; Cougar; Concorde; Cobra; Continental; Commodore; Constellation; Cheyenne; Cratis; Chaparral; Commander, and Challenger. The Company’s customers include global energy companies, commodity traders and importers.

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