<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>gass011306b.txt
<TEXT>
                                     FORM 6-K

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C. 20549



                        Report of Foreign Private Issuer
                      Pursuant to Rule 13a-16 or 15d-16 of
                       the Securities Exchange Act of 1934



                          For the month of January 2006




                                 STEALTHGAS INC.
                              331 KIFISSIAS AVENUE
                                 ERITHREA 14561
                                 ATHENS, GREECE

                             (011)(30)(210) 625 2849
               (Address, including zip code, and telephone number,
        including area code, of registrant's principal executive offices)



 Indicate by check mark whether the registrant files or will file annual reports
                       under cover Form 20-F or Form 40-F.

                           Form 20-F [X] Form 40-F [_]

Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes [_] No [X]



INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Attached hereto as Exhibit 1 is a copy of the release issued by Stealthgas, Inc.
today, January 13, 2006



Exhibit 1






                              STEALTHGAS ANNOUNCES
                    AGREEMENT TO ACQUIRE AN ADDITIONAL VESSEL
                     EXPANDING THE FLEET TO 23 LPG CARRIERS

ATHENS,  GREECE, January 13, 2006. STEALTHGAS INC. (NASDAQ:GASS) today announced
that  it  has  entered  into an agreement to acquire an additional  vessel  with
expected delivery February 2006.

"Islas Gas", which will be renamed the "Gas Czar", is a Fully-Pressurized (F.P.)
LPG carrier built in Japan in 1995 with a capacity of 3,500 cubic meters (cbm).
It will be acquired for $9.83 million. Upon delivery, it will be deployed under
an existing time charter to an oil major at a rate of $171,250 per calendar
month until November 2006. Thereafter "Gas Czar" will be deployed for a further
12 months to the same oil major at a per calendar month time charter rate
ranging between a minimum of $190,000 and a maximum of $210,000.

As  of  today,  STEALTHGAS  has acquired and taken delivery  of  9  out  the  10
identified vessels, as outlined in the company's IPO Prospectus. Delivery of the
last   identified  vessel,  "Gas  Eternity",  is  expected  in  February   2006.
Furthermore, beyond the 10 identified vessels, STEALTHGAS has acquired and taken
delivery of 3 additional vessels and has entered into an agreement to acquire  a
fourth  one. As of today, STEALTHGAS has a fleet of 21 LPG carriers, which  will
expand  to 23 vessels upon delivery of "Gas Eternity" and "Gas Czar" in February
2006.

The table below describes our fleet development and deployment as of today:

Vessel     Vessel Vessel   Year   Delivered Employment Charter  Monthly
           Size   Type     Built  To        Status     Expiration  Rate
           (cbm)                  GASS                              (1*)$


CURRENT FLEET (Initial Fleet plus Identified Vessels already delivered
to GASS)

Gas        7,517 F.P.     2001     Oct      Time      August  365,000
Cathar                             2005     Charter   2006

Gas Chios  6,562 F.P.     1991     Oct      Time      Feb     300,000
                                   2005     Charter   2006

Gas        6,550 F.P.     1995     Nov      Bareboat  Oct     220,000
Marathon                           2005               2007

Gas        6,526 F.P.     1992     May      Time      May     420,000
Amazon                             2005     Charter   2006

Sweet      5,018 F.P.     1997     Dec      Time      June    295,000
Dream(2)                           2005     Charter   2007

Gas        5,013 F.P.     1995     Feb      Spot      N/A     N/A
Emperor                            2005

Birgit     5,012 F.P.     1994     April    Bareboat  April   190,000
Kosan                              2005               2007

Catterick  5,000 F.P      1995     Nov      Time      Feb.    300,000
                                   2005     Charter   2007

Feisty     4,250 F.P.     2001     Dec      Time      August  199,000
Gas                                2005     Charter   2006

Gas        4,250 F.P.     2001     Dec      Time      June    195,000
Spirit(3)                          2005     Charter   2007

Gas        4,109 S.R.     1991     Nov      Time      March   335,000
Courchevel                         2004     Charter   2006


Gas        4,100 F.P.     2000     Nov      Time      July    285,000
Sincerity                          2005     Charter   2006

Gas        3,556 F.P.     1996     Oct      Spot      N/A     N/A
Prophet                            2004

Gas        3,526 F.P.     1999     Dec      Time      Feb     275,000
Shangai                            2004     Charter   2006

Gas        3,500 F.P.     1998     Oct      Time      April   250,000
Legacy                             2005     Charter   2007

Gas Artic  3,434 S.R.     1992     Apr      Bareboat  April   190,000
                                   2005               2009

Gas Ice    3,434 S.R.     1991     Apr      Bareboat  April   174,250
                                   2005               2008

Gas        3,211 S.R.     1990     Nov      Spot      N/A     N/A
Crystal                            2005

Gas        3,014 F.P.     1990     Dec      Time      May     118,000
Oracle                             2005     Charter   2006

Gas        3,014 F.P.     1995     Oct      Time      March   125,000
Prodigy                            2005     Charter   2006

Gas Tiny   1,320 S.R.     1991     Oct      Time      Nov     120,000
                                   2004     Charter   2006

Subtotal   91,91
-          6
21
vessels

REMAINING IDENTIFIED VESSELS (with expected delivery date)

Gas Czar   3,500 F.P.     1995     Feb      Time      Nov     171,250
                                   2006     Charter   2006

Gas        3,500 F.P.     1998     Feb      Spot      N/A     N/A
Eternity                           2006

Subtotal   7,000
-
2 vessel

FLEET      98,91
TOTAL      6
23         cbm
VESSELS

-    F.P.: Fully Pressurized
-    S.R.: Semi-Refrigerated
-    (1): To calculate daily rate divide by 30.4. All rates are quoted on a
gross basis and do not take into account chartering commissions
-    (2): Sweet Dream is under a bareboat charter with a rate of $ 195,000 per
month ending January 2006. The time charter in the table commences thereafter.
As of February it will renamed the Gas Monarch
-    (3): Gas Spirit is employed until June 2006 at a rate of $ 195,000 per
month. The rate for the 12-month period between June 2006 and June 2007 will be
agreed no later than the end of February 2006 and will range between a minimum
of $250,000 and a maximum of $350,000.
-    (4): Gas Czar is employed until November 2006 at a rate of $ 171,250 per
month. The rate for the 12 month period between December 2006 and November 2007
will be agreed upon no later than the commencement of the charter extension for
the 12 months and will range between a minimum of $190,000 and a maximum of
$210,000.

About STEALTHGAS INC.
Headquartered  in  Athens,  Greece, STEALTHGAS INC.  is  a  ship-owning  company
serving  the liquefied petroleum gas (LPG) sector of the international  shipping
industry. STEALTHGAS INC. currently has a fleet of 21 LPG carriers, and  intends
to  acquire  2  additional  LPG carriers. Once this  acquisition  is  completed,
STEALTHGAS's fleet will be composed of 23 LPG Carriers with a total capacity  of
98,916  cubic meters (cbm). STEALTHGAS's shares are listed on NASDAQ  and  trade
under the symbol "GASS".

Forward-Looking Statement
Matters  discussed  in  this release may constitute forward-looking  statements.
Forward-looking  statements reflect our current views  with  respect  to  future
events  and  financial performance and may include statements concerning  plans,
objectives,  goals,  strategies, future events or  performance,  and  underlying
assumptions and other statements, which are other than statements of  historical
facts.  The  forward-looking statements in this release are based  upon  various
assumptions,  many  of  which  are  based, in turn,  upon  further  assumptions,
including  without limitation, management's examination of historical  operating
trends,  data  contained  in  our records and other data  available  from  third
parties.   Although  STEALTHGAS  INC.  believes  that  these  assumptions   were
reasonable  when  made,  because these assumptions  are  inherently  subject  to
significant uncertainties and contingencies which are difficult or impossible to
predict  and are beyond our control, STEALTHGAS INC. cannot assure you  that  it
will achieve or accomplish these expectations, beliefs or projections. Important
factors that, in our view, could cause actual results to differ materially  from
those  discussed in the forward-looking statements include the strength of world
economies  and  currencies,  general market  conditions,  including  changes  in
charterhire rates and vessel values, changes in demand that may affect attitudes
of   time  charterers  to  scheduled  and  unscheduled  drydocking,  changes  in
STEALTHGAS  INC's operating expenses, including bunker prices,  dry-docking  and
insurance costs, or actions taken by regulatory authorities, potential liability
from   pending  or  future  litigation,  domestic  and  international  political
conditions,  potential  disruption  of shipping  routes  due  to  accidents  and
political events or acts by terrorists.

Risks  and  uncertainties are further described in reports filed  by  STEALTHGAS
INC. with the US Securities and Exchange Commission.

Visit our website at www.stealthgas.com

Company Contact:
Andrew J. Simmons
Chief Financial Officer
STEALTHGAS INC.
011-30-210-6250-001
E-mail: simmons@stealthgas.com

Investor Relations/Media:
Nicolas Bornozis
Capital Link, Inc.(New York)
Tel. 212-661-7566
E-mail: nbornozis@capitallink.com






                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this registration statement to be signed on its
behalf by the undersigned, thereto duly authorized.

                                Stealthgas, Inc.
                                  (Registrant)


Dated:  January 13, 2006                      By:            /s/ Andrew J.
Simmons
                                             ----------------------------------
                                             Andrew J. Simmons
                                  Chief Financial Officer










                                  End of Filing
</TEXT>
</DOCUMENT>
