But the full story of the benchmark transaction may have not been told, with indications Dorian LPG’s 84,000-cbm Caravelle (built 2016) will be sold on by China’s Shandong Shipping to state-owned Unipec.

As TradeWinds’ website reported earlier this week, the Hyundai Samho Heavy Industries-built ship had gone for around $80m.

In a subsequent report, Trade-Winds connected this to a Chinese financial disclosure showing the board of Shanghai Shipping had approved the purchase of a Hyundai Samho-built ship for “not above $81m”.

It