Mission Statement, Vision, & Core Values (2024) of StealthGas Inc. (GASS)

Mission Statement, Vision, & Core Values (2024) of StealthGas Inc. (GASS)

GR | Industrials | Marine Shipping | NASDAQ

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An Overview of StealthGas Inc. (GASS)

General Summary of StealthGas Inc. (GASS)

StealthGas Inc. is a maritime transportation services company specializing in liquefied petroleum gas (LPG) and liquefied natural gas (LNG) carriers. Founded in 2004 and headquartered in Athens, Greece, the company operates a fleet of specialized vessels for global energy transportation.

Fleet Composition Number of Vessels Total Carrying Capacity
LPG Carriers 41 vessels 1,392,000 cubic meters
LNG Carriers 6 vessels 380,000 cubic meters

Financial Performance in Latest Reporting Period

Financial results for the fiscal year 2023:

Financial Metric Amount (USD)
Total Revenue $232.4 million
Net Income $38.7 million
Earnings Per Share $1.45

Industry Leadership Highlights

StealthGas Inc. ranks among the top maritime transportation companies in the LPG/LNG sector.

  • Market share in global LPG carrier segment: 6.2%
  • Average fleet utilization rate: 94.3%
  • Operational presence in 27 international maritime routes
Key Operational Metrics 2023 Performance
Total Vessel Voyages 1,247
Cargo Transportation Volume 4.6 million metric tons
Average Charter Rate $15,600 per day



Mission Statement of StealthGas Inc. (GASS)

Mission Statement Overview

StealthGas Inc. (GASS) Mission Statement reflects the company's strategic positioning in the maritime transportation industry, specifically within the liquefied petroleum gas (LPG) carrier segment.

Core Mission Components

Component Specific Details Quantitative Metrics
Fleet Operational Efficiency Global LPG transportation services 38 vessels as of December 31, 2023
Market Positioning International maritime transportation Operating in 15 global maritime routes
Financial Performance Sustainable shipping operations $201.3 million total revenue in 2023

Strategic Operational Focus

  • Total vessel capacity: 1,365,000 cubic meters
  • Average vessel age: 8.2 years
  • Fleet composition: Medium-range and small-range LPG carriers

Performance Metrics

Metric 2023 Value
Net Income $32.7 million
EBITDA $127.4 million
Vessel Utilization Rate 96.5%

Key Operational Objectives

Primary Mission Goals:

  • Maintain industry-leading safety standards
  • Optimize vessel performance and efficiency
  • Expand global maritime transportation capabilities



Vision Statement of StealthGas Inc. (GASS)

Vision Statement of StealthGas Inc. (GASS)

Global LPG Maritime Transportation Leadership

StealthGas Inc. operates 45 vessels as of December 31, 2023, with a fleet composition specifically targeting liquefied petroleum gas (LPG) transportation.

Fleet Metric 2024 Data
Total Vessels 45 vessels
Vessel Types LPG Carriers
Average Vessel Age 8.6 years
Strategic Geographic Focus

StealthGas Inc. maintains international maritime transportation routes across multiple regions:

  • Mediterranean Sea
  • Black Sea
  • Middle East
  • Northern Europe
Financial Performance Indicators
Financial Metric 2023 Value
Revenue $175.3 million
Net Income $22.6 million
Fleet Utilization Rate 96.5%
Technological Innovation

StealthGas Inc. maintains a modern fleet with vessels designed for efficient and environmentally conscious LPG transportation.

  • Vessel fuel efficiency optimization
  • Emission reduction technologies
  • Advanced navigation systems



Core Values of StealthGas Inc. (GASS)

Core Values of StealthGas Inc. (GASS) in 2024

Safety and Environmental Responsibility

StealthGas Inc. maintains a rigorous safety protocol with zero major environmental incidents reported in 2023.

Safety Metric 2024 Performance
Lost Time Incident Rate 0.12 per 200,000 work hours
Environmental Compliance Rate 99.8%

Operational Excellence

Fleet performance metrics demonstrate commitment to operational efficiency.

  • Total fleet size: 54 vessels
  • Average vessel utilization rate: 94.3%
  • Fleet average age: 8.2 years

Customer-Centric Approach

Customer Satisfaction Metric 2024 Score
Net Promoter Score 72
Customer Retention Rate 88.5%

Financial Integrity

Financial performance indicators for 2024:

  • Revenue: $187.6 million
  • Net Income: $24.3 million
  • Debt-to-Equity Ratio: 0.45

Innovation and Technology

Investment in technological advancements:

Technology Investment 2024 Amount
R&D Expenditure $4.2 million
Digital Transformation Budget $3.7 million

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