StealthGas' Unlikely Victory: A Cautionary Tale for Shipping Industry Optimists StealthGas' recent second quarter earnings report has sent shockwaves through the shipping industry, with net income climbing to $17.
3 million. What's remarkable about this story is that it defies conventional wisdom by shrinking its fleet, cutting debt, and benefiting from an unexpected insurance windfall.
The numbers are compelling: StealthGas has sold 13 vessels since 2023, reducing its fleet from 40 ships to 25 while paying off $350 million in debt.