Shares of Dorian LPG (LPG), a liquified petroleum gas shipping company, plummeted 5.03% on Thursday amid concerns over weakening earnings prospects for the company.

According to a recent report from Zacks Investment Research, Dorian LPG is expected to post earnings of $0.56 per share for the current quarter, representing a 70.7% decline from the year-ago period. The consensus earnings estimate for the current fiscal year has also been revised downward by 8.5% to $2.60, reflecting a 65.8% drop compared to the previous year.

The bearish outlook for Dorian LPG comes as the LPG shipping industry faces headwinds, particularly in Indonesia - one of the world's largest LPG markets. Recent policy changes and distribution issues surrounding subsidized 3kg LPG cylinders, known as "gas melon", have caused significant disruptions and led to surging prices in the country.

While the Indonesian government has attempted to resolve the crisis by allowing retailers to resume selling the subsidized cylinders, reports suggest many areas are still facing supply shortages and elevated prices compared to government-set limits. This volatile situation could weigh on LPG shipping volumes and profitability for companies like Dorian LPG that service the Indonesian market.