Venture forthe inc ny5/31/2023 In some cases, you can identify the forward-looking statements by the use of words such as “may,” “could,” “should,” “would,” “expect,” “plan,” “anticipate,” “intend,” “forecast,” “believe,” “estimate,” “predict,” “propose,” “potential,” “continue,” “scheduled,” or the negative of these terms or other comparable terminology. In addition, we and our representatives may from time to time make other oral or written statements that are also forward-looking statements. This press release contains certain “forward-looking” statements (as defined by the Securities and Exchange Commission) concerning plans and objectives of management for future operations or economic performance, or assumptions related thereto, including statements concerning the acquisition of vessels by the Joint Venture, the performance of the Joint Venture and the benefits of the transaction to Navigator and its shareholders. Investor Relations Clay Street, Suite 2400, Houston, Texas, U.S.A. Navigator’s common stock trades on the New York Stock Exchange under the symbol “NVGS”. The Company plays a vital role in the liquefied gas supply chain for energy companies, industrial consumers and commodity traders, with its sophisticated vessels providing an efficient and reliable ‘floating pipeline’ between the parties, connecting the world today, creating a sustainable tomorrow. Navigator’s fleet now consists of 56 semi- or fully-refrigerated liquefied gas carriers, 25 of which are ethylene and ethane capable. is the owner and operator of the world’s largest fleet of handysize liquefied gas carriers and a global leader in the seaborne transportation services of petrochemical gases, such as ethylene and ethane, liquefied petroleum gas (“LPG”) and ammonia and owns a 50% share, through a joint venture, in an ethylene export marine terminal at Morgan’s Point, Texas on the Houston Ship Channel, USA. (HK) was founded primarily by Equator Fund Limited, which is a maritime-focused fund, having its headquarters in the Municipality of Shenzhen, with offices in Hong Kong and Shanghai, China. It aims to develop its core business through global strategic partnerships to serve increasing demand for shipping and related logistics of gaseous product worldwide. It currently operates the fleet of five modern semi-pressurized and semi-refrigerated ethylene and ethane gas carriers that are expected to be acquired by the Joint Venture. Greater Bay Gas is a gaseous product logistic service provider based in the heart of the Shenzhen Greater Bay Area, China. The final 22,000 cbm vessel is expected to be purchased by the Joint Venture in the coming weeks.Īs previously announced, all five vessels will continue to be commercially managed under the Luna Pool collaboration arrangement, and technical management will be provided by the third-party technical manager, PG Shipmanagement Pte. Both vessels are 22,000 cbm liquefied ethylene gas carriers built in 2019. The vessels, renamed Navigator Castor and Navigator Equator, were delivered on March 23 and Marespectively. The Joint Venture announced the purchase of the first and second of five vessels on Decemand January 17, 2023, respectively. (Liberia) (“Greater Bay Gas”), (the “Joint Venture”), previously announced on September 30, 2022. (“Navigator” or “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, is pleased to announce the third and fourth vessel acquisitions under its 60/40 joint venture with Greater Bay Gas Co. NEW YORK and LONDON, Ma(GLOBE NEWSWIRE) - Navigator Holdings Ltd.
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