StealthGas, a US-listed owner of small and mid-sized LPG carriers, unveiled the purchase of two newbuildings on Wednesday, amid some of its best financial results in years.

The Harry Vafias-led company said it bought two 40,000-cbm LPG newbuildings currently under construction in South Korea.

The ships, which cost about $117m in total, are expected to be delivered in the second half of 2023.