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StealthGas lands in the black despite Cypriot charterer failure

Four LPG carriers have been redelivered early to Greece-based owner but despite this and soft rates in most of its segments, StealthGas is feeling positive for 2021, says chairman

Nasdaq-listed owner posted a net loss of $700,000 for the fourth quarter of 2020, however the deficit turned into an adjusted net profit of $1.1m after exclusion of non-cash losses booked on two vessel sales and an impairment loss recognised during the quarter

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