Investor Presentaiton
Dorian LPG is a Leader in Fuel Efficiency
Average Fuel Consumption by Vessel Profile¹
65
60
55
50
46.0
45
42.0
MT/day
GAA
40
52.0
49.5
49.0
46.5
55.0
52.0
.
50.0
49.0
35
Korean ECO Chinese ECO
HHI Modern DSME Modern
Japanese
Legacy
■Laden Ballast
Estimated Annual Fuel Cost by Vessel Profile 1,2
millions
Dorian LPG's Fleet Composition
•
19 Korean-built fuel-efficient ECO VLGCS
with an avg. age of 8.1 years
One HHI-built Non-Eco VLGC with an age
of 16.0 years
ECO fuel-efficient vessels offer a
substantial earnings advantage relative to
older tonnage
$9.0
$8.0
$6.7
$7.0
$5.5
$6.0
$7.3
$6.0
$4.8
$7.6
$6.4
$5.1
$7.9
$6.6
$5.3
$7.6
$6.4
$5.1
$5.0
$4.4
$4.0
$3.0
$2.0
$1.0
Korean ECO
Chinese ECO
HHI Modern
DSME Modern
Japanese Legacy
■ $400 / MT ■ $500 / MT ■ $600 / MT
Source: Dorian LPG management estimates
1.
ECO denotes vessels built after 2014; Modern denotes vessels built 2006-2013, legacy denotes vessels built in the early 2000s
2.
Basis Ras Tanura to Chiba: 16kt speed ballast and laden; 36.6 sailing days roundtrip, split evenly ballast and laden; 252 days/year; Japanese vessels sail 15kt laden, 37.9 sailing days roundtrip
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