StealthGas divests older ship and seals charter deals for five LPG carriers

Nasdaq-listed LPG carrier owner StealthGas Inc is keeping its fleet cover high with new charter contracts and extensions, and the sale agreement of an older vessel.

The Harry N. Vafias-led company entered into an agreement to sell the 2014-built vessel Eco Invictus to an undisclosed buyer subject to certain conditions being met, with delivery expected in the first quarter of 2026.

As informed, the vessel is debt-free and the full proceeds from the sale will contribute to the company’s liquidity position.

Following the completion of this sale the company’s fully owned fleet will consist of 27 LPG carriers, while one LPG carrier continues to be owned through a joint venture.

Meanwhile, the Greek shipowner confirmed the sale in November and delivery of the Gas Elixir to its new owners.

“We are always looking for opportunities to divest older assets, and as such we entered into an agreement for the third time this year to sell another one of our older vessels,” commented chief executive officer Harry Vafias.

Furthermore, the company sealed charter deals for five vessels with three or more months duration.