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Dorian LPG posts higher loss as VLGC rates drop

A dire VLGC market may not recover balance until end-2020, says New York-listed Dorian. The company, which is a takeover target for BW LPG, has completed a refinancing plan that helps to ‘de-risk’ its balance sheet and says it is well-placed to operate in all market conditions

Chief executive John Hadjipateras says market may not rebalance until end-2020 but company is equipped for ‘any rate environment’

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