Navigator Holdings Ltd. Announces Approval In Principle For New CO2 Carrier Designs For Its Dan-Unity CO2 Joint Venture With Evergas

Navigator Holdings Ltd. (Navigator) (NYSE: NVGS), a leading provider of seaborne transportation and distribution of liquified gases, announced today that Dan-Unity CO2 A/S (Dan-Unity), Navigator’s 50/50 joint venture with Evergas A/S (Evergas), received approval in principle from Classification Society American Bureau of Shipping for its new 12,500 cubic metre capacity and 22,000 cubic metre capacity CO2-carrying vessel designs, provided by TGE Marine.

Oeyvind Lindeman, Navigator’s Chief Commercial Officer, commented:

“We are pleased to announce this important milestone which will enable Navigator’s Dan-Unity CO2 joint venture to consider the next step in the process of developing these CO2 carriers.”