-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IxBAbGfTALwFQXkivW7Nln6t01LA08BdM7jXlqtU1S1bhOEEH6KGla6IqifA7Xcy zdZNPU0Kr0Xg60l8gWGg9Q== 0000950123-11-015798.txt : 20110218 0000950123-11-015798.hdr.sgml : 20110218 20110218172816 ACCESSION NUMBER: 0000950123-11-015798 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20110218 FILED AS OF DATE: 20110218 DATE AS OF CHANGE: 20110218 FILER: COMPANY DATA: COMPANY CONFORMED NAME: StealthGas Inc. CENTRAL INDEX KEY: 0001328919 STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412] IRS NUMBER: 000000000 STATE OF INCORPORATION: 1T FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-51559 FILM NUMBER: 11625573 BUSINESS ADDRESS: STREET 1: 331 KIFISSIAS AVENUE STREET 2: ERITHREA 14561 CITY: ATHENS STATE: J3 ZIP: 00000 BUSINESS PHONE: 30 210 625 2849 MAIL ADDRESS: STREET 1: 331 KIFISSIAS AVENUE STREET 2: ERITHREA 14561 CITY: ATHENS STATE: J3 ZIP: 00000 6-K 1 y04557e6vk.htm FORM 6-K e6vk
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of February 2011.
Commission File Number 000-51559
STEALTHGAS INC.
(Translation of registrant’s name into English)
331 Kifissias Avenue Erithrea 14561 Athens, Greece
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F þ          Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):                     
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):                     
 
 

 


 

Attached hereto as Exhibit 99.1 is a copy of the press release issued by StealthGas Inc. on February 15, 2011.

 


 

SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: February 18, 2011
         
 


STEALTHGAS INC.
 
 
  By:   /s/ Konstantinos Sistovaris  
    Name:   Konstantinos Sistovaris  
    Title:   Chief Financial Officer   
 

 

EX-99.1 2 y04557exv99w1.htm EX-99.1 exv99w1
Exhibit 99.1
(STEALTHGAS INC LOGO)
STEALTHGAS INC. ANNOUNCES DATE FOR THE RELEASE OF FOURTH
QUARTER AND FULL-YEAR 2010 OPERATING AND FINANCIAL
RESULTS, CONFERENCE CALL AND WEBCAST , TIME CHARTER
ARRANGEMENT FOR THE NEWBUILDING VESSEL ‘GAS ELIXIR’ AND
APPOINTMENT OF NEW CHIEF FINANCIAL OFFICER
ATHENS, GREECE, February 15, 2011. STEALTHGAS INC. (NASDAQ:GASS) (the “Company”), a ship-owning company serving primarily the liquified petroleum gas (LPG) sector of the international shipping industry, announced today that it will release its fourth quarter and full year operating and financial results for the period ended December 31, 2010 on February 23, 2011 before the opening of the market in New York.
On February 23, 2011 at 11:00 am EST, the company’s management will host a conference call to discuss the results and the company’s operations and outlook.
Conference Call details:
Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1888 935 4577 (US Toll Free Dial In) or 0800 028 1299 (UK Toll Free Dial In).
In case of any problems with the above numbers, please dial +1 212 444 0412 (US Toll Dial In), or +44 (0)20 7806 1953 (Standard International Dial In). Please quote “7676423”.
A telephonic replay of the conference call will be available until March 2, 2011 by dialing 1866 932 5017 (US Toll Free Dial In), 0800 358 7735 (UK Toll Free Dial In) or +44 (0)207 111 1244 (Standard International Dial In). Access Code: 7676423#
Slides and audio webcast:
There will also be a live-and then archived webcast of the conference call, through the STEALTHGAS INC. website (www.stealthgas.com). Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.
Charter Arrangement for first Newbuilding:
The Company announced that following its delivery from the yard at the end of February the Gas Elixir will commence a 22-month time charter to a Middle Eastern energy company.
Appointment of Chief Financial Officer:
The Company also announced that Mr. Konstantinos Sistovaris has been appointed as its new Chief Financial Officer.
Mr. Sistovaris (34) has 10 years of experience in banking and finance operations. Before joining the company, he worked in senior positions in the finance department of Stealth Maritime S.A. since 2004 and had also been involved in the Initial Public Offering of the Company. Prior to this Mr. Sistovaris worked in New York City in the finance department at Atlantic Bank of New York. Mr. Sistovaris holds an undergraduate degree in economics from Brown University, and an MSc in Law and Accounting from the London School of Economics.
Fleet Profile and Fleet Deployment:
The table below shows the Company’s fleet development and deployment as of today:

4


 

LPG Carrier Fleet
                         
    Vessel                    
    Size   Vessel   Year   Delivered   Employment   Charter Expiration
Vessel   (cbm)   Type   Built   To GASS   Status   (1)
CURRENT FLEET
                       
Gas Cathar
  7,517   F.P.   2001   Oct-05   Time Charter   May-12
Gas Premiership
  7,200   F.P.   2001   Mar-08   Time Charter   Mar-12
Gas Haralambos
  7,000   F.P.   2007   Oct-07   Time Charter   Jun -13
Gas Marathon
  6,572   F.P.   1995   Nov-05   Time Charter   Jun-11
Gas Chios
  6,562   F.P.   1991   Oct-05   Time Charter   Apr-11
Gas Moxie
  6,526   F.P.   1992   May-05   Time Charter   Mar-11
Gas Flawless
  6,300   F.P.   2007   Feb-07   Time Charter   Mar-11
Gas Monarch
  5,018   F.P.   1997   Dec-05   Spot  
Lyne
  5,014   F.P.   1996   May-06   Bareboat   May-11
Gas Emperor
  5,013   F.P.   1995   Feb-05   Time Charter   Feb-11
Catterick
  5,001   F.P.   1995   Nov-05   Time Charter   Jan-12
Sir Ivor
  5,000   F.P.   2003   May-06   Bareboat   May-11
Gas Icon
  5,000   F.P.   1994   Jun-07   Time Charter   Feb-11
Gas Kalogeros
  5,000   F.P.   2007   Jul-07   Time Charter   Jun-11
Gas Defiance
  5,000   F.P.   2008   July-08   Time Charter   Jan-13
Gas Shuriken
  5,000   F.P.   2008   Oct-08   Time Charter   Oct-12
Gas Sincerity
  4,123   F.P.   2000   Nov-05   Bareboat   Jun-14
Gas Spirit
  4,112   F.P.   2001   Dec-05   Bareboat   Jan-16
Gas Zael
  4,111   F.P.   2001   Dec-05   Bareboat   Jan-14
Gas Kaizen
  4,109   S.R.   1991   Nov-04   Spot  
Gas Shanghai
  3,526   F.P.   1999   Dec-04   Time Charter   Jan-12
Gas Nemesis
  3,518   F.P.   1996   May-07   Time Charter   Apr-11
Gas Evoluzione (2)
  3,517   F.P.   1996   Jul-07   Time Charter   Aug -11
Gas Czar
  3,510   F.P.   1995   Feb-06   Time Charter   Mar-11
Gas Astrid
  3,500   F.P.   2009   Apr-09   Bareboat   Apr-14
Gas Legacy
  3,500   F.P.   1998   Oct-05   Time Charter   Oct-11
Gas Sikousis
  3,500   F.P.   2006   Aug-07   Bareboat   May-16
Gas Exelero
  3,500   F.P.   2009   June-09   Bareboat   Jun-14
Gas Arctic
  3,434   S.R.   1992   Apr-05   Time Charter   Dec-11
Gas Ice
  3,434   S.R.   1991   Apr-05   Spot  
Chiltern
  3,312   F.P.   1997   Jun-07   Bareboat   May-13
Gas Pasha
  3,244   F.P.   1995   Jun-06   Time Charter   Sep-11
Gas Crystal
  3,211   S.R.   1990   Nov-05   Spot  
Gas Tiny
  1,320   S.R.   1991   Oct-04   Spot  
FLEET TOTAL:
34 VESSELS
  155,204
cbm
                   
Additional Vessels (with expected delivery date)            
Gas Elixir
  5,000   F.P.   2011   Feb-11   Time Charter   Dec-12
Gas Cerberus
  5,000   F.P.   2011   Mar-11        
Gas Myth
  5,000   F.P.   2011   July-11        
Gas Husky
  7,500   F.P.   2011   Nov-11        
Gas Esco
  7,500   F.P.   2012   May-12        
TOTAL LPG
CARRIER FLEET:
39 VESSELS
  185,204
cbm
                   

5


 

Tanker Fleet
                         
    Vessel                    
    Size   Vessel   Year   Delivered   Employment   Charter
Vessel   (dwt)   Type   Built   To GASS   Status   Expiration(1)
Navig8 Fidelity
  47,000   MR Product Tanker   2008   Jan-08   Bareboat   Jan-15
Navig8 Faith
  47,000   MR Product Tanker   2008   Feb-08   Bareboat   Feb-15
Alpine Endurance
  46,000   MR Product Tanker   2009   Jul-09   Bareboat   Jul-12
Spike
  115,804   Aframax Oil Tanker   2010   Jul-10   Bareboat   Jul-15
TOTAL
TANKER FLEET:
4 VESSELS
  255,804
dwt
                   
 
                       
  F.P.: Fully-Pressurized
 
  S.R.: Semi-Refrigerated
 
  M.R.: Medium Range
 
(1)   Earliest date charters could expire.
 
(2)   Gas Evoluzione is deployed from November 2010 under a time charter until August 2011. The Charterer has an option declarable in April 2011 to extend the charter for a further three months.
About STEALTHGAS INC.
Headquartered in Athens, Greece, STEALTHGAS INC. is a ship-owning company primarily serving the liquified petroleum gas (LPG) sector of the international shipping industry. STEALTHGAS INC. currently has a fleet of 34 LPG carriers with a total capacity of 155,204 cubic meters (cbm), three M.R. product tankers and one Aframax oil tanker. The company has also entered into agreements to acquire five new building LPG carriers with expected delivery from February 2011 through May 2012. Once these acquisitions are completed, STEALTHGAS INC ‘s fleet will be composed of 39 LPG carriers with a total capacity of 185,204 cubic meters (cbm), three M.R. product tankers and one Aframax oil tanker with a total capacity of 255,804 deadweight tons (dwt). STEALTHGAS INC ‘s shares are listed on the NASDAQ Global Select Market and trade under the symbol “GASS”.
Forward-Looking Statements
Matters discussed in this release may constitute forward-looking statements. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although STEALTHGAS INC. believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, STEALTHGAS INC. cannot assure you that it will achieve or accomplish these expectations, beliefs or projections. Important factors that, in our view, could

6


 

cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including changes in charter hire rates and vessel values, charter counterparty performance, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled dry dockings, changes in STEALTHGAS INC’s operating expenses, including bunker prices, dry-docking and insurance costs, ability to obtain financing and comply with covenants in our financing arrangements, or actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, potential disruption of shipping routes due to accidents and political events or acts by terrorists.
Risks and uncertainties are further described in reports filed by STEALTHGAS INC. with the U.S. Securities and Exchange Commission.
Visit our website at www.stealthgas.com
Company Contact:
Konstantinos Sistovaris
Chief Financial Officer
STEALTHGAS INC.
011-30-210-6250-001
E-mail: sistovaris@stealthgas.com

7

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