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StealthGas settles insurance on damaged Eco Wizard and safely exits Persian Gulf with stranded vessel.

Market News
07 Jul 2026, 16:46 WIB
GlobeNewsWire
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Neutral
StealthGas settles insurance on damaged Eco Wizard and safely exits Persian Gulf with stranded vessel.

StealthGas Inc. has resolved an insurance claim related to its damaged vessel Eco Wizard, receiving agreed compensation. The company plans to sell the Eco Wizard in its current damaged state without financial gain. Additionally, a vessel previously stranded in the Persian Gulf due to regional hostilities has safely exited the Straits of Hormuz without incident. These developments reduce operational uncertainties for StealthGas amid geopolitical tensions affecting shipping routes.

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