NEW YORK, March 27, 2008 (PRIME NEWSWIRE) -- Veteran business journalist Sasha Salama joins Harry Vafias, President & Chief Executive Officer, StealthGas Inc. (Nasdaq:GASS), to discuss the company's industry, strategy, financials and positioning.
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Mr. Vafias has been actively involved in the tanker and gas shipping industry since 1999. After graduating from City University Business School in the City of London in 1999 with a B.A. in Management Science and from Metropolitan University in 2000 with a Masters degree in Shipping, Trade and Transport, he commenced working at Seascope, a leading ship brokering firm specializing in sale and purchase of vessels and chartering of oil tankers.
Mr. Vafias also worked at Braemar, a leading ship brokering firm, where he gained extensive experience in tanker and dry cargo chartering. Seascope and Braemar merged in 2001 to form Braemar Seascope Group plc, a public company quoted on the London Stock Exchange and one of the world's largest ship brokering and shipping service groups. From 2000 until 2004, he worked at Brave Maritime and Stealth Maritime, companies providing comprehensive ship management services, where Mr. Vafias headed the operations and chartering departments of Stealth Maritime and served as manager for the sale and purchase departments of both Brave Maritime and Stealth Maritime.
About StealthGas Inc.
Headquartered in Athens, Greece, StealthGas Inc. is a ship-owning company serving primarily the liquefied petroleum gas (LPG) sector of the international shipping industry. StealthGas Inc. currently has a fleet of 36 LPG carriers with a total capacity of 156,399 cubic meters (cbm) and two MR Product Tankers. In addition, the company has also entered into agreements to acquire two second-hand LPG carriers with expected delivery in March and September 2008; four new resale LPG carriers with expected delivery from July 2008 and June 2009; and five newbuilding LPG carriers with expected delivery from September 2010 through December 2011. It has also agreed to sell one LPG carrier in its current fleet, with delivery to the new owner by March 2008. Once these acquisitions and sale of vessels are completed, StealthGas Inc.'s fleet will be composed of 46 LPG carriers with a total capacity of 210,499 cubic meters (cbm) and 2 MR Product Tankers with a total capacity of 94,000 deadweight tones (dwt). StealthGas Inc.'s shares are listed on the NASDAQ Global Select Market and trade under the symbol "GASS."
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