Dorian LPG: Improving Efficiency and Lowering Emissions Together with Hempel
Capital Link
Investor relations, financial communications, advisory firm-14 forums : Maritime, Commodities & Energy, MLPs, CEF & ETFs
New York, September 5th, 2024
With the occasion of the recently announced cooperation with 海虹老人 , a global leader in marine coatings, Peter Hadjipateras , Chief Information, Security, and Sustainability Officer at Dorian LPG (NYSE: LPG), highlighted the pillars of Dorian LPG’s Sustainability Strategy and the significant role this collaboration has played in reducing emissions and reinforced the company’s dedication to green shipping initiatives.
In the video announcing the collaboration with Hempel, Asit Dalai , Dorian LPG’s Fleet Performance & Decarbonization Manager, further explained that the decision to use Hempel’s Hempaguard silicone paint was driven by its proven success in cutting emissions, particularly for high-speed, long-distance voyages.
Peter Hadjipateras stated “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.”
He also emphasized that Dorian LPG is fostering a culture of environmental responsibility by adopting advanced technologies and strategic cooperations, with a keen focus on efficiency.
To access the video interview and learn more, please use this link:
Dorian LPG’s Sustainability Pillars
1.???? 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.
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2.???? 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.
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3.???? 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.
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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 Stamford, Connecticut, USA; Copenhagen, Denmark; and Athens, Greece.
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