StealthGas (GASS) Posts Mixed Q2 Results

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STEALTHGAS INC. Reports Second Quarter 2016 Financial and Operating Results

August 25, 2016 9:20 AM EDT

ATHENS, Greece, Aug. 25, 2016 (GLOBE NEWSWIRE) -- STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the second quarter ended June 30, 2016.

OPERATIONAL AND FINANCIAL HIGHLIGHTS

Successful delivery of one new eco LPG carrier in the second quarter of 2016.Period on period increase of vessel calendar days by 15%.Operational utilization of 91.2% in Q2 2016.About 70% of fleet voyage days on period charters for the... More