StealthGas Exercises Options for More Refrigerated LPG Carriers

LPG shipper StealthGas INC. (Nasdaq:GASS) announced today it has exercised newbuild options for two 22,000 cubic meter semi-refrigerated LPG carriers from an undisclosed South Korean shipyard. The deliveries are planned for Q2 and Q3 2017, respectively and these orders follow a similar order in mid-July.  StealthGas now has 19 new LPG carriers on order at a total prices of … [Read more...]

Vafias Optimistic that “Good Times are Ahead”

StealthGas announced today four new additions to their newbuilding program consisting of two Korean-built 22,000 cbm semi-refrigerated LPG carriers and two Japanese-built pressurized LPG carriers of 7,500 cbm and 7,200 cbm capacities, respectively. With the additions came two deletions however, in the form of a pair of 5,000 cbm ships being constructed in Korea. The ships … [Read more...]

Hyundai Mipo Gains LPG Carrier Newbuild Order

South Korea's Hyundai Mipo Dockyard (HMD) announced today the winning of a newbuild order for a pair of LPG carriers. The order comes in at a total price of KRW 106.7 billion (USD $105 million). TradeWinds reports the orders came from StealthGas, however we have been unable to independently verify that information. Last month, StealthGas CEO Harry Vafias highlighted an … [Read more...]