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Navigator Gas Announces Completion of Morgan’s Point Ethylene Export Terminal Expansion and Acquisition of Three Handysize Liquefied Ethylene Gas Carriers

Navigator Holdings Ltd. Ordinary Shares (Marshall Islands) (NVGS) 
Last navigator holdings ltd. ordinary shares (marshall islands) earnings: 4/2 04:01 pm Check Earnings Report
US:NYSE Investor Relations: navigatorgas.com/investor
Company Research Source: GlobeNewswire
LONDON, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (described herein as “Navigator Gas” or the “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announces the completion of the expansion of its existing ethylene export terminal joint venture owned 50/50 by Navigator and Enterprise Products Partners L.P. at Morgan’s Point, Houston (the “Export Terminal Joint Venture”), previously announced on November 15, 2022, with additional information on March 9, 2023 (the “Expansion Project”). Navigator Gas further announces an agreement to acquire three handysize ethylene carriers for a total purchase price of US$ 83.9 million, complementing the increased export capacity from the Export Terminal Joint Venture. Export Terminal Joint Venture Expansion Project In line with previous guidance, the Expansion Project was completed on time in late-December 2024 and within budget. Going forward, the flex train is expected t Show less Read more
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