An announcement from Navigator Holdings ( (NVGS) ) is now available.
Navigator Holdings Ltd. announced the completion of its acquisition of three handysize ethylene carriers, enhancing its fleet to support increased export capacity from its Export Terminal Joint Venture. The vessels, named Navigator Hyperion, Navigator Titan, and Navigator Vesta, were delivered between February 19 and March 17, 2025. This strategic acquisition strengthens Navigator Gas’s position in the market, with Navigator Hyperion already on charter and the other two vessels expected to operate in the spot market, potentially impacting stakeholders by increasing the company’s operational capabilities and market reach.
More about Navigator Holdings
Navigator Holdings Ltd., known as Navigator Gas, is the owner and operator of the world’s largest fleet of handysize liquefied gas carriers. The company specializes in the seaborne transportation of petrochemical gases such as ethylene, ethane, liquefied petroleum gas (LPG), and ammonia. It holds a 50% share in an ethylene export marine terminal at Morgan’s Point, Texas, USA. Navigator Gas plays a crucial role in the liquefied gas supply chain, providing efficient and reliable transportation services.
YTD Price Performance: -14.77%
Average Trading Volume: 206,587
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $949.4M
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