Research Reports

Key takeaways

Board size increased from eight to nine directors on recommendation of Nominating and Corporate Governance Committee.

Christopher J. Wiernicki, age 67, appointed as Class I director effective immediately.

Wiernicki has 40 years of marine expertise, former CEO of American Bureau of Shipping (2011-2025).

No disclosed transactions with the Company requiring Item 404 disclosure.

CEO Hadjipateras highlighted Wiernicki's shipping, clean energy, and technology expertise for fleet modernization.

Press release issued May 5, 2026 as Exhibit 99.1.

Full analysis

The appointment of Christopher J. Wiernicki strengthens Dorian LPG's Board with deep maritime industry leadership, including his 32-year tenure at ABS where he advanced safety, digitalization, and decarbonization initiatives. His expertise aligns with the Company's focus on modernizing its fleet of 28 VLGCs, including ECO and dual-fuel vessels, and maintaining safety and efficiency in global LPG transport. CEO John C. Hadjipateras noted a 15-year relationship and Wiernicki's value in strategic planning and clean energy, positioning the Board to support ongoing market leadership and shareholder returns.

LPG · Dorian LPG Ltd.

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