StealthGas has fixed 11 of its LPG carriers, booking $90m in revenue during a profitable third quarter.
The New York-listed, Athens-based shipowner announced the fixtures — a three-year deal, seven year-long deals, two for six months and one for three months — alongside a $6.7m profit for the three months to 30 September.
“Looking more closely at the third quarter, the shipping market did experience a summer lull and activity was somewhat reduced,” chairman Michael Jolliffe said, “as a result, there were more vessels on the spot market with reduced earnings.
