StealthGas Inc. (GASS) is a global shipping company that specializes in the transportation of Liquefied Petroleum Gas (LPG). With a diverse fleet of vessels, it is considered one of the largest LPG carriers worldwide. The company's operations revolve around providing seaborne transportation services to LPG producers and users, as well as for various oil majors and commodity trading companies.
Founded in 2004 and headquartered in Athens, Greece, StealthGas operates under robust quality, safety, and environmental standards. The company's strategic location in Greece gives it an advantage in accessing key shipping channels across the globe.
StealthGas operates a fleet of over 50 vessels, encompassing various sizes from small LPG carriers to larger, fully-pressurised LPG carriers. The company takes pride in its fleet being one of the youngest and most modern in the industry. The ships are designed and maintained to meet high operational and safety standards, optimizing their efficiency and reliability.
Many of StealthGas' vessels are chartered on a time-charter basis, providing the company a stable and predictable cash flow. This strategy enables the company to maintain sustainable operations over market cycles.
The company's LPG transportation services serve a broad range of industries, including residential heating, aerosol propellants, and the production of plastics and synthetic rubbers. Today, StealthGas Inc. is integral to the global LPG market, connecting the supply from producers in the Middle East, the U.S., and Europe to the consuming markets in Asia, Europe, and the Americas.
StealthGas Inc. is committed to operate its business in a responsible and sustainable manner with a focus on safety. It follows international best practice standards for its operations, staff training, and vessel maintenance. The company also emphasizes its commitment towards reducing emissions and preserving marine biodiversity, playing its part in mitigating the impact of shipping activities on the environment.
While global in its operations, StealthGas remains a publicly-traded company, listed on the NASDAQ Global Select Market under the symbol 'GASS'. The company's operation and growth strategy coupled with its solid fleet foundation forms an integral part of delivering consistent shareholder value.
StealthGas Inc. continues to be a key player in the LPG shipping industry with the vision of maintaining its dominant position and enhancing its services for a globally connected and energy-efficient future.