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The latest update is out from Navigator Holdings ( (NVGS) ).
On February 19, 2025, Navigator Holdings Ltd. completed the acquisition of the first of three German-built handysize liquefied ethylene gas carriers, named Navigator Hyperion, as part of a strategy to enhance their export capacity from the Export Terminal Joint Venture. The acquisition, financed through cash and a secured term loan from Nordea Bank, underscores the company’s commitment to expanding its fleet and supporting earnings growth in 2025 and beyond, with the vessels expected to operate in the spot market upon delivery.
More about Navigator Holdings
Navigator Holdings Ltd., also known as Navigator Gas, is a leading global operator in the seaborne transportation services of petrochemical gases, including ethylene, ethane, liquefied petroleum gas (LPG), and ammonia. The company owns the world’s largest fleet of handysize liquefied gas carriers and holds a 50% share in an ethylene export marine terminal at Morgan’s Point, Texas. Navigator Gas plays a crucial role in the liquefied gas supply chain, providing efficient and reliable transportation services that connect energy companies, industrial consumers, and commodity traders worldwide.
YTD Price Performance: 1.31%
Average Trading Volume: 182,897
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.13B
For an in-depth examination of NVGS stock, go to TipRanks’ Stock Analysis page.
