Dorian LPG Ltd., owner and manager of modern very large gas carriers (VLGCs), entered into a memorandum of understanding with HNA Logistics Group Co. Ltd. to explore opportunities in the LPG market. Ximen “Steve” Chen, director and vice president of HNA Logistics, said of the memorandum, “We will jointly engage in the development of green energy logistics which includes LPG vessel investment, gas supply chain solutions and infrastructure in the Chinese market, with the ultimate goal of together building an LPG distribution business in China to take advantage of the significant opportunities for growth in the global LPG industry.”

Dorian LPG also announced that it has taken delivery of the eco VLGC Comet from Hyundai Heavy Industries Co. Ltd. in Ulsan, South Korea. The VLGC will immediately enter a five-year time charter with Royal Dutch Shell Plc.