STEALTHGAS INC., a ship-owning company serving primarily the liquified petroleum gas (LPG) sector of the international shipping industry, announced today the sale of one vessel.
The Company has entered into an agreement to sell the smallest vessel in its fleet, the 1,320cbm, built 1991, LPG carrier, Gas Tiny. The delivery of the vessel to its new owners is scheduled towards the end of January. The Company expects to book a profit from the sale of approximately $1.3 million in the first quarter of 2012.