Stealthgas Inc's Business Segments
Stealthgas Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Annual Results
Revenue by Product & Service Category -
- Time Charter78.1%
- Voyage Charter18.2%
- Other Income Revenues3.8%
Revenue by Product & Service Category -
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Time Charter | $ 135 | 78.1% |
| Voyage Charter | $ 31 | 18.2% |
| Other Income Revenues | $ 7 | 3.8% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Description of Stealthgas Inc
StealthGas Inc. was incorporated in December 2004 in the Republic of the Marshall
Islands. Our registered address in the Marshall Islands is Trust Company Complex,
Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960. The name of
our registered agent at such address is The Trust Company of the Marshall Islands,
Inc. Our principal executive offices are located at 331 Kifissias Avenue, Erithrea
14561 Athens, Greece. Our telephone number for calls originating from the United
States is (011) (30) (210) 625-0001.
In October 2005, we completed an initial public offering of our common stock
in the United States and our common stock began trading on the Nasdaq National
Market and now trade on the Nasdaq Global Select Market under the symbol “GASS”.
We own a fleet of LPG carriers providing international seaborne transportation services to LPG producers and users, as well as crude oil and product carriers chartered to oil producers, refiners and commodities traders.
1. Fleet of Gas Carriers:
- Vessel Type:
- StealthGas operates a diverse fleet of gas carriers, including fully pressurized, semi-refrigerated, and fully refrigerated vessels. These vessels are engineered for the efficient transportation of LPG and other gases, ensuring safety and reliability.
- Fleet Capacity:
- The fleet is meticulously designed to vary in size, accommodating different shipping needs. This includes smaller vessels for quick and cost-effective transport and larger vessels for extensive shipping demands.
- Vessel Specifications:
- Each vessel in the fleet is equipped with advanced technology and features that enhance performance, such as efficient propulsion systems and cargo management systems, enabling precise handling and minimal loss.
Transportation Services:
- Global Shipping Network:
- StealthGas benefits from a robust global network that allows it to provide transportation services to clients across different regions, including Europe, Asia, the Americas, and the Middle East. This systemic network ensures timely delivery and maximizes logistical efficacy.
- Flexible Shipping Solutions:
- The company offers customized shipping solutions tailored to the needs of clients, whether they require spot market services or long-term charter agreements. This flexibility caters to various customer demands in the LPG market.
- Safety and Compliance:
- StealthGas prioritizes safety through rigorous adherence to international maritime regulations and standards. All vessels are maintained to ensure safety during operations, minimizing risks while safeguarding both crew and cargo.
Chartering Services:
- Time Charters:
- The company provides time charter agreements that allow clients to rent vessels for a specified period. This option is popular among companies looking to meet temporary shipping demands without the investment in their fleet.
- Voyage Charters:
- Voyage charters are also available, providing clients with flexibility for single shipments. This arrangement allows for logistical efficiency as well as cost-effectiveness for businesses with variable shipping needs.
- Operational Management:
- StealthGas may also offer management services for third-party vessels, leveraging their operational expertise to enhance efficiency and compliance in shipping operations.
Technical and Consulting Services:
- Fleet Management:
- The company provides fleet management services that include optimizing vessel operations, increasing efficiency, ensuring compliance with maritime regulations, and implementing best practices for maintenance and safety.
- Technical Consulting:
- StealthGas offers expertise in technical consultancy concerning gas transportation, helping clients optimize their operations, navigate regulatory environments, and implement safety protocols.
Environmental Sustainability Initiatives:
- Eco-Friendly Practices:
- In line with global sustainability trends, StealthGas is engaged in promoting eco-friendly practices within its operations. This includes investments in energy-efficient vessels and technologies that reduce the carbon footprint associated with gas transportation.
- Monitoring and Reporting:
- The company actively monitors emissions and implements measures to reduce environmental impact, thereby aligning with both regulatory requirements and corporate social responsibility goals.
Market Development Efforts:
- Research and Analysis:
- StealthGas invests in market research to identify emerging trends in the LPG and maritime sectors. This effort helps the company adapt its services to meet market demands and anticipate shifts in the shipping landscape.
- Strategic Partnerships:
- Collaborations with other maritime players, suppliers, and stakeholders allow StealthGas to extend its reach, enhance service offerings, and tap into new markets.
Conclusion
StealthGas Inc. represents a leading entity in specialized maritime transportation, with a strong focus on LPG and other gases. Its extensive fleet, flexible services, adherence to safety standards, and commitment to sustainability position it well within the competitive landscape of maritime logistics. The companys diverse offerings cater to the varying needs of clients, reinforcing its status as a reliable and innovative player in the gas carrier sector.