Ted Young, CFO of Dorian LPG (LPG), joined J Mintzmyer's Value Investor's Edge Live on June 11, 2021, to discuss the LPG shipping markets and specific company prospects and capital allocation potentials. This interview and discussion is relevant for anyone with LPG sector investments, including Avance Gas (OTCPK:AVACF), BW LPG (OTCPK:BWLLF), Navigator Holdings (NVGS), and Stealth Gas (GASS).
Topics Covered

(1:45) Overview of the current and mid-term LPG markets.


(7:00) Any concern about the increasing VLGC orderbook?


(9:45) Discussion about impending environmental regulations.


(11:15) Interest in LPG dual-fuel retrofits? Economics?


(15:30) Are rising steel prices impacting newbuild costs?


(19:30) Will US LPG production, inventory, and export levels improve?


(22:30) Update on scrubber program economics.


(24:15) Are you interested in divesting the oldest 3 vessels?


(26:45) Views on target leverage and minimum cash balance?


(30:15) Appetite for more repurchases? Tender offer?


(31:30) Any concern about share liquidity?


(34:45) Potential for a new repurchase authorization?


(35:45) Any additional impact from EEXI or other initiatives?


(40:30) Any impact from the removal of Iran sanctions?


(42:30) Impact from more OPEC oil and NGL exports?


(45:00) Potential for a dividend? Structure? Special vs. regular?


(49:15) Why choose Dorian over other VLGC peers?


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