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Edited Transcript of LPG earnings conference call or presentation 31-Oct-19 2:00pm GMT [Yahoo! Finance News]

Dorian LPG Ltd. (LPG) 
Last dorian lpg ltd. earnings: 8/7 06:00 am Check Earnings Report
Edited Transcript of LPG earnings conference call or presentation 31-Oct-19 2:00pm GMT On this date last year, the Baltic rate was $41 a ton and a year before that it was $30. Today the Baltic is above $70. The market appears to have reached a degree of stability, having traded above $50 a ton since April of this year. And just this quarter, the Baltic struck a highest level since 2015 at $81 a couple of weeks ago. This quarter's profitable results reflect the health of the current freight market. Our fleet is well-positioned to capitalize on the potential price differential between low-sulfur and high-sulfur fuel oil. Two of our ships recently came out of dry-dock, bringing our scrubber-equipped fleet to 4 ships on the water trading. We believe that there are about 20 in all scrubber-fitted VLGCs currently. In addition, we expect to have 4 more VLGCs enter dry-dock -- 5 more before the end of this year, and 3 during next year. At the completion of our program, we will have 12 out of Show less Read more
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