StealthGas reports profits fall but points to a healthier ‘smaller’ LPG market

Harry Vafias-controlled StealthGas has reported a 60% fall in net income for the first six months of the year, partly blaming weaker markets and losses it incurred on the sale of vessels and on interest rate swap arrangements and foreign currency hedging arrangements. However, it pointed to a healthier smaller LPG market moving forward and […]

Ireland points to modest trade recovery

Latest figures from the Irish Maritime Development Office ( IMDO) in Dublin, show that since March, there has been an ongoing slight increase in port traffic on a month-by-month basis. In both May and June, volumes were up by 4% each month. However, the overall figures are still well down on last year’s. But the […]