Harry Vafias-led SteathGas was pushed into the red last year by the spin-off of its tanker fleet.

The Nasdaq-listed LPG carrier company floated Imperial Petroleum on the same exchange in December, booking a $40.2m impairment in the fourth quarter.

BW LPG adds $20m to liquidity as another older VLGC is shipped out
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This meant a net loss of $38.7m