1. GASS's vessel Eco Wizard completed temporary repairs and left Russia. 2. Eco Wizard arrived in Latvia for further assessment and repairs. 3. StealthGas operates 29 LPG carriers with a total capacity of 339,134 cbm. 4. Geopolitical risks could impact GASS’s operations due to global events. 5. Forward-looking statements highlight uncertainties in GASS's future performance.
FAQ
Why Bullish?
The successful relocation of Eco Wizard signals operational resilience, enhancing investor confidence.
How important is it?
The news of Eco Wizard’s status and operational capacity significantly impacts GASS's earnings potential.
Why Short Term?
Immediate repairs and assessments may influence upcoming short-term market reactions positively.
StealthGas Inc. Updates on Eco Wizard Incident and Recovery
ATHENS, Greece, Dec. 16, 2025 (GLOBE NEWSWIRE) — StealthGas Inc. (NASDAQ: GASS), a prominent ship-owning company operating within the liquefied petroleum gas (LPG) sector of the international shipping industry, has released an important update regarding the July 6, 2025 incident involving its LPG carrier, the Eco Wizard. The carrier has completed temporary repairs and secured necessary licenses, allowing it to leave Russia under towage and arrive at a port in Latvia for further assessment.
Incident Recovery and Assessment
Following the incident in July, StealthGas Inc. has worked diligently to address the condition of the Eco Wizard. The completion of temporary repairs was vital for the vessel to ensure it could navigate safely to Latvia.
- Temporary Repairs Completed: The Eco Wizard has undergone essential repairs.
- Licenses Acquired: Required permissions were secured prior to departing Russia.
- Next Steps: The vessel's condition will be thoroughly evaluated at the Latvian port.
About StealthGas Inc.
StealthGas Inc. operates a fleet of 29 LPG carriers, including one Joint Venture vessel, contributing significantly to the global LPG transportation sector. The company’s fleet boasts a total capacity of 339,134 cubic meters (cbm), which positions it as a capable player in the market. Shares of StealthGas Inc. are actively traded on the Nasdaq Global Select Market under the symbol GASS.
Forward-Looking Statements
This release may contain forward-looking statements, representing the company’s current expectations regarding future performance and events. These statements may relate to plans, strategies, and underlying assumptions about the status of the Eco Wizard and other operational aspects.
However, it is important to note that many factors could cause actual results to differ materially from those projected. Key risks include:
- Global economic conditions and currency fluctuations
- Geopolitical risks such as trade disruptions and regulatory changes
- Market conditions, including charter rates and vessel values
- Compliance with financing arrangements and operational cost fluctuations
These uncertainties are detailed further in the reports that StealthGas Inc. files with the U.S. Securities and Exchange Commission.
Learn More About Our Fleet
For additional information about StealthGas Inc. and its fleet, visit the official website at www.stealthgas.com.