Dorian LPG Ltd. Notes to Consolidated Financial Statements (Expressed in United States Dollars)  1. Basis of Presentation and General Information  Dorian LPG Ltd. (“Dorian”) was incorporated on July 1, 2013 under the laws of the Republic of the Marshall Islands, is headquartered in the United States and is engaged in the transportation of liquefied petroleum gas (“LPG”) worldwide through the ownership and operation of LPG tankers. Dorian LPG Ltd. and its subsidiaries (together “we,” “us,” “our,” or the “Company”) are focused on owning and operating very large gas carriers (“VLGCs”), each with a cargo carrying capacity of greater than 80,000 cbm. As of March 31, 2021, our fleet consists of twenty-four VLGCs, including nineteen fuel-efficient 84,000 cbm ECO-design VLGCs (“ECO VLGCs”), three 82,000 cbm VLGCs, and two time chartered-in VLGCs. Ten of our technically-managed ECO VLGCs are fitted with exhaust gas cleaning systems (commonly referred to as “scrubbers”) to reduce sulfur emissions. The installation of scrubbers on an additional two of our technically-managed VLGCs was planned to be completed during the second calendar quarter of 2021. As of March 31, 2021, contractual commitments related to scrubbers totaled $1.5 million. On March 31, 2021, we entered into a bareboat agreement to charter-in a newbuilding dual-fuel VLGC that is expected to be delivered in March 2023 (see Note 18 for further details).  The financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and include the accounts of Dorian LPG Ltd. and its subsidiaries.  On April 1, 2015, Dorian and Phoenix Tankers Pte. Ltd. (“Phoenix”) began operations of Helios LPG Pool LLC (the “Helios Pool”), which entered into pool participation agreements for the purpose of establishing and operating, as charterer, under variable rate time charters to be entered into with owners or disponent owners of VLGCs, a commercial pool of VLGCs whereby revenues and expenses are shared. See Note 3 below for further description of the Helios Pool relationship.  Our subsidiaries, which are all wholly-owned and all are incorporated in Republic of the Marshall Islands (unless otherwise indicated below), as of March 31, 2021 are listed below.   Vessel Owning Subsidiaries  
 Type of    Subsidiary  vessel  Vessel’s name  Built  CBM (1) CMNL LPG Transport LLC VLGC Captain Markos NL 2006 82,000  CJNP LPG Transport LLC VLGC Captain John NP (2) 2007 82,000  CNML LPG Transport LLC VLGC Captain Nicholas ML (2) 2008 82,000  Comet LPG Transport LLC  VLGC  Comet  2014  84,000  Corsair LPG Transport LLC  VLGC  Corsair (2)  2014  84,000  Corvette LPG Transport LLC VLGC Corvette (2) 2015 84,000  Dorian Shanghai LPG Transport LLC  VLGC  Cougar  2015  84,000  Concorde LPG Transport LLC  VLGC  Concorde (2)  2015  84,000  Dorian Houston LPG Transport LLC  VLGC  Cobra  2015  84,000  Dorian Sao Paulo LPG Transport LLC  VLGC  Continental  2015  84,000  Dorian Ulsan LPG Transport LLC  VLGC  Constitution  2015  84,000  Dorian Amsterdam LPG Transport LLC  VLGC  Commodore  2015  84,000  Dorian Dubai LPG Transport LLC  VLGC  Cresques (2)  2015  84,000  Constellation LPG Transport LLC  VLGC  Constellation  2015  84,000  Dorian Monaco LPG Transport LLC  VLGC  Cheyenne  2015  84,000  Dorian Barcelona LPG Transport LLC  VLGC  Clermont  2015  84,000  Dorian Geneva LPG Transport LLC  VLGC  Cratis  2015  84,000  Dorian Cape Town LPG Transport LLC  VLGC  Chaparral  2015  84,000  Dorian Tokyo LPG Transport LLC  VLGC  Copernicus  2015  84,000  Commander LPG Transport LLC  VLGC  Commander  2015  84,000  Dorian Explorer LPG Transport LLC  VLGC  Challenger  2015  84,000 Dorian Exporter LPG Transport LLC  VLGC  Caravelle  2016  84,000  Dorian Sakura LPG Transport LLC (3)  VLGC  Hull No. 1755  2023 (4)  84
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Data imported from Dorian Lpg Ltd SEC filings. Check original filings before making any investment decision.