Dorian LPG: It Still Has Plenty More To Give

Dorian LPG benefits from elevated dayrates due to rerouted shipping away from the Middle East, significantly boosting earnings. Current FWD P/E valuation is just 6.59x, suggesting shares remain attractively priced despite recent gains. I expect high rates to persist as global supply chains adapt, supporting continued strong cash generation for LPG. LPG's capital allocation—selling three vessels and ordering a new one for 2029—optimizes fleet age and earnings potential; I rate it Strong Buy.

Investing in vessel companies is the gift that keeps on giving this year. Dayrates have gone through the roof as a result of ships rerouting to the Gulf of America instead of taking commodities out