Navigator Gas Announces Completion of Acquisition of Three Handysize Liquefied Ethylene Gas Carriers

Core Viewpoint - Navigator Holdings Ltd. has completed the acquisition of three handysize ethylene carriers to enhance its export capacity from its joint venture terminal, marking a significant expansion in its fleet and operational capabilities [1][2]. Company Overview - Navigator Holdings Ltd. operates the world's largest fleet of handysize liquefied gas carriers, specializing in the transportation of petrochemical gases, including ethylene, ethane, liquefied petroleum gas (LPG), and ammonia [3]. - The company holds a 50% stake in an ethylene export marine terminal located at Morgan's Point, Texas, which is strategically positioned on the Houston Ship Channel [3]. - Following the recent acquisitions, Navigator Gas' fleet now comprises 59 semi- or fully-refrigerated liquefied gas carriers, with 28 vessels capable of transporting ethylene and ethane [3]. Recent Developments - The first vessel, Navigator Hyperion, was delivered on February 19, 2025, while the subsequent vessels, Navigator Titan and Navigator Vesta, were delivered on February 24, 2025, and March 17, 2025, respectively [2]. - All three vessels have a capacity of 17,000 cubic meters and are expected to operate in the spot market, enhancing the company's operational flexibility [2].