Acquiring Company
SPM Shipping
Acquired Company
Dorian LPG
Dubai Emirate
StamfordTransportationLogisticsOtherOil And GasEducationSportsDescription
SPM Shipping, based in Dubai, has purchased the 2015-built VLGC Clermont from Dorian LPG for $91 million. This acquisition marks SPM's entry into the gas shipping sector, adding to its fleet of different ship types. The deal was finalized in August and signifies Dorian LPG's continued strategy of selling assets.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Dorian LPG?
Dorian LPG was acquired by SPM Shipping, based in Dubai Emirate. The deal was reported on August 21, 2026. SPM Shipping is a rapidly growing shipowner headquartered in the UAE. The company is affiliated with Priya Blue, one of India’s largest ship recyclers. SPM Shipping is privately held and operates in Transportation.
When did SPM Shipping acquire Dorian LPG?
SPM Shipping's acquisition of Dorian LPG was reported on August 21, 2026. SPM Shipping, based in Dubai, has purchased the 2015-built VLGC Clermont from Dorian LPG for $91 million. This acquisition marks SPM's entry into the gas shipping sector, adding to its fleet of different ship types. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Dorian LPG do?
Dorian LPG is a leading owner and operator of modern Very Large Gas Carriers (VLGCs). The company focuses on providing the highest quality transportation of LPG and chemical gases. It is publicly traded (LPG), operating in Other, and is based in Stamford.
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