The Company and its wholly owned subsidiaries, owns a fleet of twenty-eight liquefied petroleum gas carriers providing worldwide marine transportation services under long, medium or short-term charters.
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Last year GASS sold ships for near book value. Stock trades for at a fraction of book. Price is beat down because of shipping stigma even though GASS is focused in a narrow slice of pressurized gas market. Questionable amount of debt and new debt being acquired for new boats. If that makes you frightened, may not be the right company for you.