A handful of shipping stocks have left the rest in the dust this year. Dorian LPG (NYSE: LPG) is at the forefront. Its adjusted closing price, accounting for dividends, is up 63% year to date. On Monday, its share price hit its highest level since the company went public in 2014.
Dorian operates a fleet of very large gas carriers (VLGCs) that transport liquefied petroleum gas (LPG) — i.e., propane and butane — on long-haul voyages, mainly from the U.S. or the Middle East to Asia.
LPG exports have...
https://www.freightwaves.com/news/as-us-propane-exports-surge-lpg-shipping-stocks-gain