Stealthgas

Stealthgas confident in the future

Stealthgas has reported first quarter net income of $6.5m, down from the $7.4m posted a year ago.

Safe haven

MARKETS Gas shipping has been one of the star performers in the maritime sector in recent years. But not every LPG tanker operator has been laughing all the way to the bank, as this review of recent financial results indicates

Tanker Clipper Viking at sea

Stealthgas positive on LPG market

Stealthgas has reported 2012 net income of $29.0m, up from $8.5m in 2011.

Stealthgas steady as she goes

Stealthgas has reported third-quarter net income of $6.6m, slightly ahead of the $6.2m recorded for the same period last year.

Tale of two tankers

SHORTSEA Buffeted by economic winds and demand shifts, Europe’s chemical and gas tanker operators have had quite a time of it lately. The LPG tanker business is emerging more rapidly and in better shape than its chemical tanker counterpart

Tanker Sichem Palace

Stealthgas back in the black

Stealthgas Inc reports net income for the second quarter of $7.2m, compared to a loss of $3.6m in the same period last year.

A turn-up for the books

FLEETS Last year HCB reported ‘cautious optimism’ in the LPG trade. That caution extends to newbuilding activity, which once more has allowed the sector to out-perform other bulk li quids trades. That performance is encouraging interest from new owners 

Ethylene tanker JS Caeser

Gases to gases

FLEETS As one established liquefied petroleum gas operator considers a move into new territory – liquefied natural gas – an existing LNG shipowner could be about to make the reverse move into LPG.

Tanker GDF Suez Neptune

Strong results for Stealthgas

Stealthgas has reported a sharp increase in earnings for the first quarter 2011.

Chase the cash

RESULTS As an expression of confidence in the LPG shipping segment, Stealthgas’s chartering bonanza is hard to beat. The company has confirmed charters for ten of its vessels worth more than $70m, but other owners are not faring anywhere near as well

Harry Vafias from Stealthgas
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