Navigator Holdings Ltd. announced on Wednesday (Nov 11) that is has entered into a long term charter for a midsize gas carrier.
The company will enter into a building contract for the construction of this fully-refrigerated LPG vessel at Hyundai Mipo Shipyard in South Korea for delivery in August 2017. Company’s second midsize ethane carrier will front-run the contract until delivery of the newbuild.
In its financial results for the third quarter of 2015, Navigator reported a revenue of USD 78.2 million, and net income of USD 22.7 million.
Navigator has an existing order book of 8 semi-refrigerated gas carrier newbuildings, for delivery between January 2016 and March 2017.