StealthGas in $14.3m deal
Harry Vafias’s StealthGas has completed its second sale-and-leaseback deal in as many months.
The StealthGas team at the Nasdaq Market in Times Square pose for the media as chief executive Harry Vafias rings the closing bell.
Nasdaq-listed StealthGas has sold the 7,500-cbm Gas Cathar (built 2001) in a $14.3m deal, shipbrokers say.
As with the earlier sale of the 7,200-cbm Gas Premiership (built 2001) in November, StealthGas will take the vessel back on a four-year charter.
StealthGas has been busy in the build up to Christmas having just launched a $10m share buyback.
The company,in which Michael Dell is a major investor, has a fleet of almost 60 vessels.
It was a member of the2005 IPO classand will celebrate its 10-year anniversary as a public company next year.
source:www.tradewindsnews.com
