​ For additional discussion of our exposure to market risk, refer to “Item 7A. Quantitative and Qualitative Disclosures About Market Risk” included in our Annual Report on Form 10-K for the year ended March 31, 2026. ​ Interest Rate Risk ​ The LPG shipping industry is capital intensive, requiring significant amounts of investment. Much of this investment is provided in the form of long-term debt. Our 2023 A&R Debt Facility and Areion Facility currently contain interest rates that fluctuate with SOFR. We have one outstanding interest rate swap agreement as of June 30, 2026 to hedge a majority of our exposure to fluctuations of interest rate risk associated with the 2023 A&R Debt Facility. We have hedged $128.0 million of amortizing principal as of June 30, 2026 and thus increasing interest rates could adversely impact our future earnings. For the 12 months following June 30, 2026, a hypothetical increase or decrease of 20 basis points in the underlying SOFR rates would result in an increase or decrease of our interest expense on all of our non-hedged interest-bearing debt by $0.1 million assuming all other variables are held constant. ​