Coasters Remain Forerunners, but Will Cost Dynamics Support Earnings?

StealthGas (NasdaqGS:GASS): Improvements in Bottom Line Following the Shedding of Older Tonnage?

Stealth Gas (GASS US) - Coaster Market Could Improve from Here; FY17 Earnings More Relevant

DMFR – LPG Shipping – Coaster Segment – Dawn on the Horizon?

Equity Research Analyst, Maritime sector, Drewry Maritime Financial Research

Ankush Kathuria CFA, FRM

Equity Research Analyst, Maritime sector

Maritime Sector, Equity & Credit Research

Drewry Maritime Financial Research

With no ties to other players in the shipping, finance or banking world, we provide a uniquely impartial view of the markets and companies we cover. Our parent organization, Drewry is a leading independent provider of research services to the maritime and shipping industry, employing over 100 professionals across an international network of offices in London, Delhi, Singapore and Shanghai. Combining our market-leading resources with seasoned sector expertise DFRS offers a highly differentiated and comprehensive range of investment and financial research services to lenders and prospective investors in publicly listed maritime and shipping companies. The full service of reports, supporting resources and sector orientated webinars provides our clients with the most complete picture of the organisations under coverage as is possible. We have been charting and analysing the world’s maritime markets for more than 40 years. This unrivalled intelligence and understanding provides the foundation of our research service. Our analysts have access to one of the most up-to-date, comprehensive and reliable sources of market insight and research data available today. We look at globally listed companies within the following sectors: Port Operators, Container Shipping, Container Manufacturing & Leasing, LNG Shipping, Dry Bulk Shipping and Tanker Shipping. Combine in-depth sector expertise with financial analysis focusing on over 50 stocks globally.

Equity Bottom-Up

<p><strong>Earnings to recover on back of improving spot rates and operational utilisation rates:</strong> GASS managed average TCE earnings of USD 8,500pd in 4Q17 – an improvement from USD 8,250pd in 3Q17 and USD 7,913pd in 4Q16. Furthermore, the operational utilisation for vessels also increased to 97.2% in 4Q17, compared with 94.2% in 4Q16. Increased utilisation, coupled with a rise in the spot rates for coasters, were the main catalysts to the slightly improved revenue of USD 38.4m in 4Q17, compared with USD…</p>

Earnings to recover on back of improving spot rates and operational utilisation rates: GASS managed average TCE earnings of USD 8,500pd in 4Q17 – an improvement from USD 8,250pd in 3Q17 and USD 7,913pd in 4Q16. Furthermore, the operational utilisation for vessels also increased to 97.2% in 4Q17, compared with 94.2% in 4Q16. Increased utilisation, coupled with a rise in the spot rates for coasters, were the main catalysts to the slightly improved revenue of USD 38.4m in 4Q17, compared with USD…

4Q17 Result Update – Can Coasters Continue Their Growth Momentum?

StealthGas Inc

4Q17 Result Update – Can Coasters Continue Their Growth Momentum?