StealthGas Adds Vessels, Wins Charters

Maritime Activity Reports, Inc.

August 22, 2019

Pic: StealthGas Inc

Pic: StealthGas Inc

StealthGas Inc, the world's largest owner of liquefied petroleum gas (LPG) pressurized carriers in the strategic 3,000-8,000cbm segment,  has expanding its fleet with two acquisitions. The company has also made six  chartering arrangements.

The Greek shipping transportation company announced that it has entered into a new LPG sub segment through the acquisition of a secondhand (2007 built) 38,000 cbm fully refrigerated vessel. This vessel was acquired with its JV partner.

The company also  announced its entrance into a second new LPG sub segment, through an acquisition - from a third party -  of an 11,000 cbm pressurized newbuilding LPG vessel with delivery in 2021. This vessel is under construction in Japan.

StealthGas announced  two year time charter for its 2006 built LPG carrier, the Gas Alice, to an international oil company up until August 2021.

The company also announced the following charters: A one year time charter for its 2008 built product tanker, the Clean Thrasher, to an international trading house up until June 2020.

A six months’ time charter for its 2001 built charter- in  LPG carrier, the Gas Cathar, to an international LPG trader until January 2020.

A six months’ time charter for its 2018  built LPG carrier, the Eco Freeze, to an international LPG trader until December 2019.

A six months’ time charter for its 2015 built LPG carrier, the Eco Universe, to an oil major until February 2020.

A three months’ time charter for its 2015  built LPG carrier, the Eco Enigma, to an international  trading house until October 2019.

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