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Subsequent Events
9 Months Ended
Dec. 31, 2024
Subsequent Events:  
Subsequent Events

16. Subsequent Event

VLGC/AC Steel Cutting and Installment

On January 17, 2025, steel cutting was performed on the newbuilding VLGC/AC that is expected to be delivered from Hanwha Ocean Co. Ltd. in the second calendar quarter of 2026. An installment payment of $11.9 million was made to the shipyard on January 22, 2025.

Dividend

On January 24, 2025, we announced that our Board of Directors declared an irregular cash dividend of $0.70 per share of the Company’s common stock totaling $30.0 million. The dividend is payable on or about February 27, 2025 to all shareholders of record as of the close of business on February 5, 2025.