StealthGas Inc. owns a fleet of liquefied petroleum gas (LPG) carriers providing international seaborne transportation services to LPG producers and users. The company also owns crude oil and product carriers chartered to oil producers, refiners, and commodities traders. The company’s LPG carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer, which are byproducts of the production of crude oil and natural gas. The three medium range product carriers in its fleet are capable of carrying refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals, while its Aframax tanker is used for carrying crude oil. As of April 1, 2013, the company’s fleet consisted of 33 LPG carriers with an average age of 11.8 years, two 2008-built product carriers, one 2009-built product carrier, and one 2010-built Aframax crude oil tanker. The company also has four newbuilding LPG carriers, which are scheduled to be delivered in 2014 and 2015. Customers The company’s principal charterers include producers of LPG products, such as national, major and other independent energy companies and energy traders, and industrial users of those products. For the year ended December 31, 2012, the company had 44 customers and its major customer included Petredec. Environmental and Other Regulations The company’s vessels are subject to standards imposed by the International Maritime Organization. History StealthGas Inc. was founded in 2004. The company was incorporated in 2004 in the Republic of the Marshall Islands.
stealthgas inc (GASS:NASDAQ GS)
331 Kifissias Avenue
Phone: 30 210 62 50 001
Fax: 30 210 62 50 018www.stealthgas.com
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