Dorian LPG Ltd 2024年度报告

or Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☒No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject tosuch filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T(§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company,or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerginggrowth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of itsinternal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accountingfirm that prepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant includedin the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes☐No☒ The aggregate market value of the registrant’s common stock held by non-affiliates, based upon the closing price of common stock as reported onthe New York Stock Exchange as of September30, 2024, was approximately $1,265,256,517. For this purpose, all outstanding shares of commonstock have been considered held by non-affiliates, other than the shares beneficially owned by directors, officers and shareholders of 10% or moreof the registrant’s outstanding common shares, without conceding that any of the excluded parties are "affiliates" of the registrant for purposes ofthe federal securities laws. As of May 23, 2025, there were42,647,720shares of the registrant’s common stock outstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s definitive proxy statement to be filed by the registrant in connection with its 2025 Annual Meeting of Shareholders areincorporated by reference in PartIII. TABLE OF CONTENTS PART I. ITEM 1.BUSINESS1ITEM 1A.RISK FACTORS30ITEM1B.UNRESOLVED STAFF COMMENTS60ITEM 1C.CYBERSECURITY60ITEM2.PROPERTIES61ITEM3.LEGAL PROCEEDINGS62ITEM4.MINE SAFETY DISCLOSURES62 PART II. ITEM5.MARKET FOR REGISTRANT’S COMMON EQUITY, RELATEDSTOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITYSECURITIES63ITEM6.RESERVED65ITEM7.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIALCONDITION AND RESULTS OF OPERATIONS66ITEM7A.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKETRISK81ITEM8.FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA82ITEM9.CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ONACCOUNTING AND FINANCIAL DISCLOSURE82ITEM9A.CONTROLS AND PROCEDURES82ITEM9B.OTHER INFORMATION83ITEM 9C.DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENTINSPECTION83 PART III. ITEM10.DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE84ITEM11.EXECUTIVE COMPENSATION84ITEM12.SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS ANDMANAGEMENT AND RELATED STOCKHOLDERS MATTERS84ITEM13.CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, ANDDIRECTOR INDEPENDENCE84ITEM14.PRINCIPAL ACCOUNTANT FEES AND SERVICES84 ITEM15.EXHIBITS AND FINANCIAL STATEMENT SCHEDULES85ITEM 16.FORM 10-K SUMMARY85 FORWARD-LOOKING STATEMENTS This report contains forward-looking statements within the meaning of Section 27A of theSecurities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended(the “Exchange Act”), and the Private Securities Litigation Reform Act of 1995 (the “PSLRA”),including analyses and other information based on forecasts of future results and estimates o