10/31
Did I really mis-read the quarterly TCE provided in the preview? For some reason, I thought I had seen $76K daily. In any case, the figure for Q2 (just completed) was $37K daily. Current qtr (Q3 2024) is about 60% done and $40K daily. Will market get busier and push rates even higher?
[Edit: Should have gathered data-points from other resource(s)
Rev of $82.4M
Net Income of $9.4M
Maintained div of $1/sh ]
Dorian LPG mgmt discussed the Ammonia trade. The company now has 4 vessels which have Ammonia-as-cargo capability. The actual Ammonia trade has not increased significantly. I guess, for any of the newer and or upgraded vessels, it becomes a case of optionality. LPG is also doing a great job with cash mgmt of the cash pile - over $340M