StealthGas Inc. GASS

Company Overview

StealthGas Inc. is a publicly listed international shipping company focused on the seaborne transportation of liquefied petroleum gas (LPG). The company operates within the marine transportation and energy logistics industries, specializing in the pressurized LPG carrier segment. Its core business is the ownership and operation of a fleet of small to mid-sized LPG vessels that transport propane, butane, and related petrochemical gases for energy producers, traders, and industrial customers.

The company’s primary revenue is generated through time charters and spot market voyages, with customers including major oil and gas companies, commodity traders, and regional distributors. StealthGas is strategically positioned in a niche market segment where vessel supply is relatively constrained, providing operational flexibility and access to regional and short-haul LPG trade routes. The company was founded in 2004 by Harry J. Vafias and became publicly listed on the Nasdaq Capital Market in 2005, evolving from a privately held shipping operation into a specialized LPG carrier owner-operator.