Subsequent Events

12 Months Ended

Mar. 31, 2015

Subsequent Events.

Subsequent Events

24. Subsequent Events

On April 1, 2015, we commenced operations of Helios LPG Pool LLC (“Helios LPG”). Helios LPG is jointly run by Dorian LPG and Phoenix Tankers Pte. Ltd (“Phoenix Tankers”), a 100% subsidiary of Mitsui OSK Lines Ltd. Helios LPG is operated out of offices in London and Singapore.

Helios LPG is operating seven VLGCs on the water, including three of Dorian LPG’s VLGCs: Corsair,  Captain John NP and Captain Nicholas ML, of which one is a ECO-design vessel.

On May 15, 2015, the Compensation Committee of our Board of Directors approved a $1.5 million discretionary cash bonus to executive management and $0.4 million to other employees in recognition of their contribution to the Company’s performance for the fiscal year ended March 31, 2015.  These bonuses will be recognized as compensation expense in our consolidated financial statements for the year ended March 31, 2016.