MihailDechev Note: I previously covered StealthGas (NASDAQ:GASS). In my previous article, I discussed the small gas carriers’ market, the GASS fleet and its prudent capital structure, and the company’s valuation. Today, I will review the LPG market and GASS 2023 figures and update the company’s valuation. LPG market preview From a distance, the LPG carriers market seems over-saturated, considering the composite order book of 23%. However, we must look closer. The VLGCs (Very Large Gas carriers) have a highe ...