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Exhibit 99.1 Dorian LPG Ltd. Announces Second Quarter Fiscal Year 2022 Financial Results Stamford , CT November 3 , 2021– Dorian LPG Ltd. ( NYSE : LPG ) ( the “ Company , ” “ Dorian LPG , ” “ we , ” “ us , ” and “ our ” ) , a leading owner and operator of modern very large gas carriers ( " VLGCs ” ) , today reported its financial results for the three months ended September 30 , 2021 . Highlights for the Second Quarter Fiscal Year 2022 • • • • ■ Completed the sale of the Captain Markos NL , generating proceeds of $ 43.4 million net of commission , recognizing a gain on sale of $ 3.5 million . Paid cash dividend of $ 1.00 per share of our common stock to all shareholders of record as of the close of business on August 9 , 2021 . Entered into agreements to time charter - in three newbuilding dual - fuel Panamax LPG vessels with purchase options that are scheduled to be delivered in the second and third calendar quarter 2023 for a period of seven years each and to time charter - in a VLGC for one year delivered to us in October 2021 . Revenues of $ 63.1 million and Time Charter Equivalent ( " TCE ” ) ( 1 ) rate for our fleet of $ 30,996 for the three months ended September 30 , 2021 , compared to revenues of $ 54.7 million and TCE rate for our fleet of $ 26,015 for the three months ended September 30 , 2020 . Net income of $ 14.1 million , or $ 0.35 earnings per diluted share ( " EPS ” ) , and adjusted net income ( 1 ) of $ 9.9 million , or $ 0.25 adjusted earnings per diluted share ( " adjusted EPS " ) , ( ¹ ) for the three months ended September 30 , 2021 . ■ Adjusted EBITDA ( ¹ ) of $ 37.9 million for the three months ended September 30 , 2021 . Provided three - month notice in connection with the exercise of our repurchase option of the Captain John NP for $ 15.8 million in cash and application of the $ 25.2 million deposit . ( 1 ) TCE , adjusted net income , adjusted EPS and adjusted EBITDA are non - U.S . GAAP measures . Refer to the reconciliation of revenues to TCE , net income to adjusted net income , EPS to adjusted EPS and net income to adjusted EBITDA included in this press release under the heading " Financial Information . " Key Recent Development • Provided three - month notice in connection with the exercise of our repurchase option of the Captain Nicholas ML for $ 17.8 million in cash and application of the of $ 27.9 million deposit . John C. Hadjipateras , Chairman , President and Chief Executive Officer of the Company , commented , " It is noteworthy that our commercial team has produced good results in a fair but volatile spot market this past quarter . Also , our ship management teams are close to concluding the survey cycle for the nineteen ships that we took delivery of between 2014 and 2016. Our crew situation continues to improve although there are still problem ports where crew changes are difficult or completely prohibited . I am grateful for the support of our team members at sea and the hard work of all our shore side personnel as we continue to strengthen our balance sheet and return value to our shareholders . " 1