Dorian’s Drive Toward Sustainability
Dorian LPG (NYSE: LPG), a leading operator of 25 modern Very Large Gas Carriers, is positioning itself as a leader in maritime sustainability. The company's strategy focuses on three key areas:
1. Technical Improvements: Implementing upgrades like hydrodynamic enhancing fins and high-quality coatings to reduce drag and fuel consumption.
2. Operational Enhancements: Optimizing day-to-day operations through weather routing and just-in-time arrival practices.
3. Long-Term Innovations: Exploring alternative fuels and new technologies for future decarbonization.
Dorian LPG has partnered with Hempel to apply X7 silicone paint on five vessels, resulting in increased fuel savings and return on investment. This initiative is part of Dorian's commitment to providing safe, reliable, and clean transportation while reducing operational emissions.
Dorian LPG (NYSE: LPG), un operatore leader con 25 moderne Very Large Gas Carriers, si sta posizionando come un punto di riferimento nella sostenibilità marittima. La strategia dell'azienda si concentra su tre aree chiave:
1. Miglioramenti Tecnici: Implementazione di aggiornamenti come le pinne idrodinamiche e rivestimenti di alta qualità per ridurre la resistenza e il consumo di carburante.
2. Miglioramenti Operativi: Ottimizzazione delle operazioni quotidiane attraverso la pianificazione meteo e pratiche di arrivo just-in-time.
3. Innovazioni a Lungo Termine: Esplorazione di carburanti alternativi e nuove tecnologie per la decarbonizzazione futura.
Dorian LPG ha collaborato con Hempel per applicare la vernice in silicone X7 su cinque navi, ottenendo un aumento del risparmio di carburante e del ritorno sugli investimenti. Questa iniziativa fa parte dell'impegno di Dorian a fornire trasporti sicuri, affidabili e puliti, riducendo al contempo le emissioni operative.
Dorian LPG (NYSE: LPG), un operador líder con 25 modernos Very Large Gas Carriers, se está posicionando como un líder en sostenibilidad marítima. La estrategia de la empresa se centra en tres áreas clave:
1. Mejoras Técnicas: Implementación de actualizaciones como aletas hidrodinámicas y recubrimientos de alta calidad para reducir la resistencia y el consumo de combustible.
2. Mejoras Operativas: Optimización de las operaciones diarias a través de la ruta meteorológica y prácticas de llegada just-in-time.
3. Innovaciones a Largo Plazo: Exploración de combustibles alternativos y nuevas tecnologías para la futura descarbonización.
Dorian LPG se ha asociado con Hempel para aplicar pintura de silicona X7 en cinco embarcaciones, lo que ha dado como resultado un aumento en el ahorro de combustible y el retorno de la inversión. Esta iniciativa forma parte del compromiso de Dorian de proporcionar un transporte seguro, fiable y limpio mientras se reducen las emisiones operativas.
Dorian LPG (NYSE: LPG)는 25척의 현대식 매우 대형 가스 운반선(Very Large Gas Carriers)의 선도적인 운영자로서 해양 지속 가능성의 선두주자로 자리매김하고 있습니다. 회사의 전략은 세 가지 주요 분야에 초점을 맞추고 있습니다:
1. 기술 개선: 수중 저항을 줄이고 연료 소비를 감소시키기 위해 수중 능력을 향상시키는 핀과 고품질 코팅을 적용합니다.
2. 운영 개선: 기상 경로 및 정시 도착 관행을 통해 일상 운영을 최적화합니다.
3. 장기 혁신: 미래의 탈탄소화를 위한 대체 연료 및 새로운 기술을 탐색합니다.
Dorian LPG는 Hempel과 협력하여 다섯 척의 선박에 X7 실리콘 페인트를 적용하여 연료 절약과 투자 수익률을 증가시켰습니다. 이 이니셔티브는 안전하고 신뢰할 수 있으며 청정한 운송을 제공하며 운영 배출량을 줄이겠다는 Dorian의 약속의 일환입니다.
Dorian LPG (NYSE: LPG), un opérateur de premier plan avec 25 modernes Very Large Gas Carriers, se positionne comme un leader en durabilité maritime. La stratégie de l'entreprise se concentre sur trois domaines clés :
1. Améliorations Techniques: Mise en œuvre de mises à niveau telles que des ailerons hydrodynamiques et des revêtements de haute qualité pour réduire la traînée et la consommation de carburant.
2. Améliorations Opérationnelles: Optimisation des opérations quotidiennes grâce à un routage météorologique et à des pratiques d'arrivée juste à temps.
3. Innovations à Long Terme: Exploration de carburants alternatifs et de nouvelles technologies pour la décarbonisation future.
Dorian LPG a collaboré avec Hempel pour appliquer de la peinture en silicone X7 sur cinq navires, entraînant des économies de carburant et un retour sur investissement accrus. Cette initiative fait partie de l'engagement de Dorian à fournir un transport sûr, fiable et propre tout en réduisant les émissions opérationnelles.
Dorian LPG (NYSE: LPG), ein führender Betreiber von 25 modernen Very Large Gas Carriers, positioniert sich als führend in der maritimen Nachhaltigkeit. Die Strategie des Unternehmens konzentriert sich auf drei Schlüsselbereiche:
1. Technische Verbesserungen: Implementierung von Verbesserungen wie hydrodynamischen Flossen und hochwertigen Beschichtungen zur Reduzierung des Wasserwiderstands und des Kraftstoffverbrauchs.
2. Betriebliche Verbesserungen: Optimierung des täglichen Betriebs durch Wetterrouting und Just-in-Time-Ankunftspraktiken.
3. Langfristige Innovationen: Erforschung alternativer Kraftstoffe und neuer Technologien zur zukünftigen Dekarbonisierung.
Dorian LPG hat sich mit Hempel zusammengetan, um X7 Silikonfarbe auf fünf Schiffen anzuwenden, was zu einem Anstieg der Kraftstoffersparnis und der Kapitalrendite geführt hat. Diese Initiative ist Teil des Engagements von Dorian, sichere, zuverlässige und saubere Transporte anzubieten und gleichzeitig die betrieblichen Emissionen zu reduzieren.
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Improving Efficiency and Lowering Emissions Together with Hempel
Peter Hadjipateras, Chief Information, Security, and Sustainability Officer at Dorian LPG, notes “At Dorian LPG, our mission is to provide safe, reliable, clean and trouble-free transportation to our customers. In our efforts to deliver the “clean” element to our customers, our Fleet Performance team has been proactive in reducing the emissions of our ships. These efforts are comprised of three elements: operational optimizations, technical enhancements and in the longer term, new technology and alternative fuels for the maritime industry. Today, we are pleased to share our progress on one of the technical enhancements our team has applied; silicone paint. After a rigorous research and selection process, we have applied Hempel’s X7 silicone paint on five of our vessels and have seen increased fuel savings and return on investment and are pleased to share this with our partners and investors.”
Dorian LPG’s sustainability strategy is anchored around three key pillars:
- Technical Improvements on Vessels: Dorian LPG is implementing a series of technical upgrades aimed at enhancing the hydrodynamic efficiency of its vessels. These upgrades include hydrodynamic enhancing fins or Mewis ducts, meticulous docking and blasting procedures and the application of high-quality coatings that are specifically designed to minimize drag and reduce fuel consumption. The company’s partnership with Hempel is central to this effort, as Hempel’s Hempaguard line of silicone-based products has proven to be highly effective in reducing fuel consumption and emissions. By investing in these technical improvements, Dorian LPG seeks to operate its fleet at optimal performance levels, leading to significant reductions in operational emissions.
- Operational Enhancements: In addition to technical upgrades, Dorian LPG is focused on optimizing day-to-day operations to further improve efficiency and reduce emissions. This involves adopting best practices such as weather routing, which optimizes travel routes based on real-time weather conditions, and just-in-time arrival, which minimizes idle time at ports. Dorian LPG also prioritizes crew training to ensure that equipment is handled with precision and that every aspect of vessel operation is fine-tuned for maximum efficiency. These operational enhancements are designed to complement the technical upgrades and contribute to the overall sustainability of the fleet.
- Long-Term Innovations: Looking to the future, Dorian LPG is committed to exploring alternative fuels, carbon capture and pioneering new technologies that will be essential in the long-term decarbonization of the maritime industry. Dorian LPG recognizes that the transition to alternative fuels, such as hydrogen or ammonia, and the development of new propulsion technologies will play a critical role in achieving its long-term sustainability goals. By staying at the forefront of innovation, Dorian LPG aims to ensure that its fleet remains resilient and sustainable amid evolving environmental challenges.
Dorian leveraging Silicone Paint with Hempel:
In a recent video announcing its collaboration with Hempel, a global leader in marine coatings, Dorian LPG’s Fleet Performance and Decarbonization Manager, Asit Dalai, emphasized Dorian LPG’s commitment to operating its vessels at peak performance and with reduced emissions.
Watch video here: https://www.video.hempel.com/video/101936183/watch-how-dorian-lpg-benefits-from
“As a company, we are committed to the industry shift towards decarbonization. For us, doing what we can to lower emissions is simply the right thing to do. The long track record of Hempel’s Hempaguard gave us the confidence to choose this solution. The silicone line-up from Hempel, the Hempaguard products, was quite well suited for us because we have a high sailing profile, and we also do quite high speeds, so that means we could reap the most out of those silicone paints,” states Asit Dasai, Dorian LPG’s Fleet Performance & Decarbonization Manager.
Dorian LPG has benefited from significant operational emissions reductions and enhanced efficiency. By embracing innovative approaches to sustainability, Dorian LPG is setting an example for the next generation of industry leaders. Dorian LPG is committed to a proactive stance on environmental responsibility, which goes beyond regulatory compliance to embody a genuine commitment to reducing the company’s ecological footprint. This commitment is reflected in the company’s ongoing efforts to implement cutting-edge technologies, foster industry partnerships, and cultivate a culture that prioritizes ship safety and efficiency coupled with environmental stewardship.
About Dorian LPG Ltd.
Dorian LPG is a leading owner and operator of modern Very Large Gas Carriers (“VLGCs”) that transport liquefied petroleum gas globally. Our fleet currently consists of twenty-five modern VLGCs, including twenty ECO VLGCs and four dual-fuel ECO VLGCs. Dorian LPG has offices in
Forward-Looking Statements
Matters discussed in this press release, including in the attached video, may constitute “forward-looking statements”. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “projects,” “forecasts,” “may,” “will,” “should” and similar expressions are forward-looking statements. These statements are not historical facts but instead represent only the Company’s current expectations and observations regarding future results, many of which, by their nature are inherently uncertain and outside of the Company’s control. Where the Company expresses an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, the Company’s forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by those forward-looking statements. The Company’s actual results may differ, possibly materially, from those anticipated in these forward-looking statements as a result of certain factors, including changes in the Company’s financial resources and operational capabilities and as a result of certain other factors listed from time to time in the Company’s filings with the SEC. In addition, the release and the attached video only express the Company’s own experience with Hempel products and does not express any views as to the efficacy or quality of their paints for any other operator or application. For more information about risks and uncertainties associated with Dorian LPG’s business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of Dorian LPG’s SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. The Company does not assume any obligation to update the information contained in this press release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240905170342/en/
Ted Young
Chief Financial Officer
+1 (203) 674-9900
IR@dorianlpg.com
Source: Dorian LPG Ltd.
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