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Helios LPG Pool LLC to operate eight VLGCs

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Tanks and Terminals,

Helios LPG Pool LLC, an LPG vessel pool jointly operated by Dorian LPG and Phoenix Tankers Pte Ltd., has reached an agreement with Oriental Energy Company Ltd., whereby Helios LPG will operate eight VLGCs for Oriental Energy. Oriental Energy is one of the largest propane dehydrogenation plant (PDH) operators and importers in China. In addition, Helios LPG has entered into a COA with Oriental Energy covering their shipments from the United States Gulf.

CEO and Chairman, John Hadjipateras, commented: "The Helios Pool will increase its market presence by a substantial number of ships and operate a significant cargo system for one of the largest PDH operators and importers of LPG to China. I am a strong believer in the potential of LPG as a fuel which can provide efficient clean energy and am very happy to have contracted with one of the most substantial and significant companies in the field of LPG."

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