A Seafaring Tradition

Dorian LPG’s seafaring tradition dates back more than 200 years to when John Hadjipateras' great grandfather, Constantine,  bought his first ship in his early twenties. Constantine, orphaned by the age of 12, came from a ship owning and seafaring family with a fortune that had been squandered.  Though Constantine did not inherit material wealth, he inherited something much more valuable:  his family's impeccable reputation.  Wherever Constantine ventured, he encountered people who had dealt with his family and they did not hesitate to trust him because of that. The understanding that present actions impact future generations is thus one that stewards of family businesses learn early on.

Today, Dorian LPG's CEO, John Hadjipateras, has no less an appreciation for maintaining the highest reputation. Dorian LPG's customers are entitled to the top level of performance through core “family values” that include hard work, taking responsibility for one and another's safety and well being and protecting assets that are essential to business success.

While times have certainly changed, the long tradition of respect for the seafarer and his or her unique skills and sacrifices is reinforced by Dorian LPG's corporate culture.  As Dorian LPG stepped into the pubic domain in 2014, succession was no longer a family matter however the succession and commitment to the founding family’s values remain a corporate priority.

 

Timeline

FEB 2016

Dorian LPG Announces Delivery of its last Eco-VLGC newbuilding, Caravelle and sale of the Grendon, its last remaining 5,000 cubic meter pressurized gas carrier.

 

MAR 2015

Dorian LPG and Phoenix Tankers Pte. Ltd. Announce Commencement of New Market Leading VLGC Pool: Helios LPG Pool LLC

 

MAY 2014

Dorian LPG successfully completes Initial Public Offering

 

FEB 2014

Dorian LPG announces closing of $100 million private placement and registration of shares

 

JUL 2014

Dorian LPG’s first ECO-VLGC newbuilding, Comet, is delivered

 

NOV 2013

Dorian LPG completes successful subscription for $250 million equity raise

 

JUL 2013

Dorian LPG announces closing of private placement of shares and start of trading on the NOTC

 

2013

Dorian LPG established

 

2006-2008

Deliveries of VLGC newbuilds

 

2005

VLCC Chrysanthemum sold

 

2002-2003

Dorian entered the LPG market in 2002 by acquiring two pressurized vessels, followed by four additional acquisitions over the following 18 months

 

FEB 2016

Dorian LPG has completed newbuilding phase

 

JUN 2015

Dorian LPG receives Marine Money Deal of the Year Award for 2014 IPO

 

DEC 2014

Dorian LPG receives Tanker Company of the Year award by Lloyds List

 

FEB 2014:

Dorian LPG announces declaration of options to build three ECO VLGCs and entry into two five-year time charters

 

AUG 2014

Dorian LPG partners with Mitsui OSK Lines’ division, Phoenix Tankers, to create a VLGC pool, which will run from Singapore and London.

 

NOV 2013

Dorian LPG announces completion of acquisition of Scorpio Tankers VLGC fleet and declaration of two options

 

OCT 2013

Dorian LPG announces agreement with Scorpio Tankers Inc. to acquire its VLGC fleet

 

2013

Dorian LPG places order for 3+4 ECO VLGCs at HHI

 

2011

Dorian wins Statoil’s Working Safely with Suppliers Award for ‘Best Shipping Supplier’

 

2005-2006

Dorian places order for 3xVLGCs at HHI, Korea