Dorian LPG has signed an agreement with South Korea's Hanwha Ocean to build three 90,000-cbm dual-fuel Panamax very large gas carriers (VLGCs) in a deal valued at approximately $345 million. The vessels are scheduled for delivery in June, September and December 2030 and will be capable of operating on both LPG and conventional low-sulphur fuel. The newbuildings will feature shaft generator systems, energy-saving hull and propulsion configurations, and larger-diameter propellers aimed at improving fuel efficiency and operational performance. Dorian LPG described the order as part of a measured fleet-renewal strategy intended to support long-term shareholder value. On the commercial side, the company expects to have 99% of its available calendar days fixed for the quarter ending 30 September at rates above $88,000 per day, excluding potential demurrage earnings. Dorian LPG has also secured a seven-year, $368.4 million credit facility to refinance debt under four existing arrangements. The facility comprises a $213.4 million term loan, a $155.1 million revolving credit facility and a $200 million accordion feature, priced at 140 basis points over SOFR. The company will initially draw $193.8 million plus $16 million from the revolving facility to refinance the Clermont ahead of its transfer to new owners in October. Refinancing for the Cresques will be incorporated at the end of September, along with existing obligations related to the Cougar and Commander.