LPG carrier damaged in blast to be sold by StealthGas

Greek LPG carrier shipowner StealthGas has resolved an insurance matter regarding its damaged vessel Eco Wizard.

The Nasdaq-listed company StealthGas said the previously reported insurance matter relating to its vessel Eco Wizard has been satisfactorily concluded with the vessel’s insurers and the agreed compensation has been received.

Plans are underway to sell the vessel in its “current damaged condition to third parties,” though “no monetary value” will be gained for Stealthgas from such sale.

The company also announced an update regarding the single vessel that had been stranded inside the Persian Gulf following the eruption of hostilities. The vessel has safely exited the Strait of Hormuz without any incident occurring, according to a commercial update released by StealthGas.

On July 6, 2025, while the LPG tanker Eco Wizard was alongside at the port of Ust-Luga, Russia, during ammonia cargo loading operations, the master reported hearing two explosions. No injuries were