StealthGas Inc. (NASDAQ: GASS)

StealthGas Inc. owns and operates a fleet of liquefied petroleum gas carriers that provide international seaborne transportation services. The company transports propane butane butadiene isopropane propylene and vinyl chloride monomer for customers worldwide. Its business is focused on the shipping of LPG and related petrochemical gases.

StealthGas Inc. generates revenue primarily from chartering its LPG carriers under time charters voyage charters and spot market charters. The company earns hire payments from charterers for the use of its vessels. Its customers include LPG producers major energy companies independent energy traders and industrial users of LPG products.

StealthGas Inc. holds a competitive position in the global LPG shipping market due to its modern and well maintained fleet. The company reports that it operates one of the largest single owned fleets in the 3 000 cbm to 11 000 cbm segment and also maintains a presence in Handysize and midsize gas carrier categories. Its reputation for safety cost efficient operations and strong relationships with leading charterers helps secure repeat business and charter renewals. While the LPG carrier sector is fragmented with many owners and operators StealthGas Inc. differentiates itself through vessel quality and reliable service.

StealthGas Inc. serves LPG producers national major and independent energy companies as well as energy traders and industrial users that consume LPG for heating petrochemical feedstock and other applications. The company does not disclose specific customer names in its filing but notes that a small number of customers account for a significant portion of its revenue.