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Stock Monitor: Ardmore Aircraft Post Earnings Reporting



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LONDON, UK / ACCESSWIRE / May 08, 2018 / If you appetite admission to our chargeless analysis address on Dorian LPG Ltd (NYSE: LPG), all you charge to do is assurance up now by beat the afterward articulation www.active-investors.com/registration-sg/?symbol=LPG as the Company’s latest account hit the wire. On May 04, 2018, the Company, which is a abounding petroleum gas aircraft alignment and a arch buyer and abettor of avant-garde actual ample gas carriers (VLGCs), declared that it has entered into a announcement of compassionate (MOU) with Hyundai All-around Account Co. Ltd (“HSG”) to abet for barge upgrades in Houston. Register today and get admission to over 1,000 Chargeless Analysis Letters by abutting our armpit below:

www.active-investors.com/registration-sg

Active-Investors.com is currently alive on the analysis address for Ardmore Aircraft Corporation (NYSE: ASC), which additionally belongs to the Services area as the Aggregation Dorian LPG. Do not absence out and become a affiliate today for chargeless to admission this accessible address at:



www.active-investors.com/registration-sg/?symbol=ASC

Active-Investors.com is focused on giving you appropriate advice and the central band on companies that amount to you. This morning, Dorian LPG best contempo account is on our alarm and our aggregation absitively to put out a absurd address on the aggregation that is now accessible for chargeless below:

www.active-investors.com/registration-sg/?symbol=LPG

Scope of the MOU

As per the MOU, HSG would be appropriate to undertake analysis and basic engineering studies to advancement the capital engines of about 10 of Dorian LPG’s VLGCs to bifold ammunition technology, utilizing abounding petroleum gas (LPG) as fuel. This will advice the Aggregation to accede with accessible ecology regulations for abbreviation sulphur emissions.

LPG As An Another Fuel

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Memorandum of Understanding Form – MoU Template (with Sample … – memorandum of understanding template | memorandum of understanding template

On September 20, 2017, Dorian LPG declared that it had affianced the American Bureau of Aircraft to appraise the use of LPG as a abyssal fuel, with commendations to the International Maritime Alignment (IMO)’s authorization to abate sulfur emissions by about 85%, able January 01, 2020. Dorian LPG’s MOU with HSG follows the cessation of this study.

Dorian LPG trusts the activity of LPG as an adorable and cost-effective another fuel. In fact, LPG has assorted advantages over added abeyant sources, such as LNG, methanol, and abyssal gas oil. LPG is inherently adjustable with the IMO mandate. Besides, it is broadly accessible due to the shale analysis boom, the absolute all-around administration network, and the onshore and amphibian accumulator basement for LPG.

Therefore, the Aggregation is proactively ensuring that enhancements in its VLGC argosy architecture admittance the advantage of appliance LPG as a abyssal ammunition in all of its contempo architecture programs.

Deal to Action Cogent Aggressive Advantage to Dorian LPG

John Hadjipateras, Chairman and Chief Executive Officer (CEO) of Dorian LPG, aggregate that through this initiative, Dorian LPG is demography up the role of a amenable accumulated citizen, and, at the aforementioned time, is accomplishing a cogent aggressive advantage that would account its barter and shareholders. The burden transported by the Company’s argosy is an activity antecedent with well-documented ecology allowances compared to added fuels.

Ki Sun Chung and Kwang Hean An, Co-CEOs and Presidents of HGS, bidding their amusement on partnering with Dorian LPG. Both Companies accept had a abiding accord and are alive appear developing above technology and alternatives for the all-around aircraft industry in adjustment to accomplish acquiescence with important ecology mandates.

Stock Performance Snapshot

May 07, 2018 – At Monday’s closing bell, Dorian LPG’s banal hardly climbed 0.56%, catastrophe the trading affair at $7.15.

Volume traded for the day: 163.96 thousand shares.

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After yesterday’s close, Dorian LPG’s bazaar cap was at $402.83 million.

The banal is allotment of the Services sector, categorized beneath the Aircraft industry. This area was up 0.5% at the end of the session.

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Last Updated: November 10th, 2018 by admin
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