STEALTHGAS INC. announced the Eco Wizard has departed Russia for Latvia following temporary repairs related to a July incident.
Quiver AI Summary
StealthGas Inc. announced updates regarding its LPG carrier Eco Wizard, which was involved in an incident on July 6, 2025. Following temporary repairs and the acquisition of necessary licenses, the vessel has safely departed from Russia under towage and arrived at a port in Latvia for further evaluation. StealthGas, a ship-owning company in the LPG shipping sector, operates a fleet of 29 carriers with a total capacity of 339,134 cubic meters. The company emphasizes that this press release contains forward-looking statements concerning its future performance, but actual results may differ due to various uncertainties and risks, including geopolitical conditions, market fluctuations, and operational issues.
Potential Positives
- The successful temporary repairs and acquisition of necessary licenses for the Eco Wizard demonstrates the company's ability to manage crises effectively.
- The vessel's safe transport to Latvia for further assessment indicates efficient logistical capabilities and commitment to ensuring vessel readiness.
- StealthGas Inc. continues to maintain an operational fleet of 29 LPG carriers, highlighting its significant presence in the LPG shipping sector.
Potential Negatives
- Announcement of the incident involving the Eco Wizard may raise concerns about the safety and reliability of the company's fleet.
- The need for temporary repairs and the vessel's towage from Russia suggests potential operational challenges and unplanned maintenance costs.
- Forward-looking statements highlight significant uncertainties, which could undermine investor confidence in the company's future performance and ability to manage risks effectively.
FAQ
What recent developments occurred with Eco Wizard?
STEALTHGAS INC. announced that Eco Wizard has completed temporary repairs and left Russia under towage, arriving in Latvia for further assessment.
What is STEALTHGAS INC.?
STEALTHGAS INC. is a ship-owning company specializing in the liquefied petroleum gas (LPG) sector, with a fleet of 29 LPG carriers.
Where is STEALTHGAS INC. listed?
STEALTHGAS INC.’s shares are listed on the Nasdaq Global Select Market under the ticker symbol "GASS."
What are forward-looking statements?
Forward-looking statements reflect current views on future events and financial performance, based on various assumptions that may lead to uncertainties.
What factors could affect STEALTHGAS INC.'s performance?
Factors include economic conditions, geopolitical situations, market demand, operational costs, and the status of the Eco Wizard vessel.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$GASS Hedge Fund Activity
We have seen 27 institutional investors add shares of $GASS stock to their portfolio, and 27 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GLENDON CAPITAL MANAGEMENT LP removed 1,023,008 shares (-17.3%) from their portfolio in Q3 2025, for an estimated $6,700,702
- RENAISSANCE TECHNOLOGIES LLC added 174,420 shares (+9.4%) to their portfolio in Q3 2025, for an estimated $1,142,451
- NAVELLIER & ASSOCIATES INC removed 82,572 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $529,286
- MORGAN STANLEY added 69,116 shares (+96.3%) to their portfolio in Q3 2025, for an estimated $452,709
- TOWERVIEW LLC added 57,571 shares (+2.0%) to their portfolio in Q3 2025, for an estimated $377,090
- TWO SIGMA INVESTMENTS, LP added 56,493 shares (+31.3%) to their portfolio in Q3 2025, for an estimated $370,029
- CITADEL ADVISORS LLC added 55,950 shares (+94.4%) to their portfolio in Q3 2025, for an estimated $366,472
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
ATHENS, Greece, Dec. 16, 2025 (GLOBE NEWSWIRE) -- STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today further developments in relation to the July 6, 2025 incident involving its LPG carrier Eco Wizard.
After having completed its temporary repairs and acquired the necessary licenses, the vessel left Russia under towage, and has arrived to a port in Latvia where further assessment can be performed.
About STEALTHGAS INC.
StealthGas Inc. is a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry. StealthGas Inc. has a fleet of 29 LPG carriers, including one Joint Venture vessel, in the water. These LPG vessels have a total capacity of 339,134 cubic meters (cbm). StealthGas Inc.’s shares are listed on the Nasdaq Global Select Market and trade under the symbol “GASS.”
Visit our website at www.stealthgas.com
Forward-Looking Statements
Matters discussed in this release may constitute forward-looking statements. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, including regarding the status of the Eco Wizard, which are other than statements of historical facts. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although STEALTHGAS INC. believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, STEALTHGAS INC. cannot assure you that it will achieve or accomplish these expectations, beliefs or projections. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, geopolitical conditions, including any trade disruptions resulting from tariffs and other protectionist measures imposed by the United States or other countries, general market conditions, including changes in charter hire rates and vessel values, charter counterparty performance, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled drydockings, shipyard performance, changes in STEALTHGAS INC’s operating expenses, including bunker prices, drydocking and insurance costs, ability to obtain financing and comply with covenants in any financing arrangements, whether the Eco Wizard is able to return to operation and related uncertainties related thereto and potential expenses and extent of insurance coverage, actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, the conflict in Ukraine and related sanctions, the conflict in Israel and Gaza, potential disruption of shipping routes due to ongoing attacks by Houthis in the Red Sea and Gulf of Aden or accidents and political events or acts by terrorists.
Risks and uncertainties are further described in reports filed by STEALTHGAS INC. with the U.S. Securities and Exchange Commission.
Fleet List
For information on our fleet and further information:
Visit our website at
www.stealthgas.com