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Saj Karsan » Comments » EGLE
More on EGLE by Saj Karsan
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StealthGas: Shipping Your Dollars Away [View article]
You're right that LPG is more stable, but spot rates have still fallen. The point of the article is that there is no cash to return to shareholders due to high borrowing and commitments for new ships (which cannot be cancelled per the company's 20-F filing).