MARKET COMPOSITE
NVGS - Navigator Holdings Ltd8:00:02 PM 4/18/2024
Price
$14.83
-0.27 (-1.79%)
Navigator Gas L.L.C. is a publicly traded liquefied gas shipping company with a global market, that was incorporated in 2000 in the Marshall Islands. It was restructured in 2006, and revitalized in 2012 to become the world's largest fleet of large, sophisticated gas shipping vessels. In 1997, Giovanni Mahler of Lugano, Switzerland and Shaun Fergusson Cairns of the Isle of Man formed Navigator Gas Transport PLC as an Isle of Man public limited company with the intention of constructing the world's "largest ethylene capable vessels." The first five vessels were built in the Jiangnan Shipyard/CSTC shipyard in China, a shipyard known for constructing carriers that are technically complex and capable of transporting even ethylene gas. They provided regular transoceanic service with a shipping fleet of sophisticated large vessels capable of carrying different types and sizes of cargoes, such as liquefied petroleum gas and petrochemical gas, including ethylene to ports in North and South America, Asia, the Middle East, and Europe. Following a slump in the gas shipping transport market in the late 1990s and early 2000s, delays in the delivery of the vessels, and other factors, NGT was forced into a restructuring which was completed in 2006. In 2006 Navigator Gas Management Limited and its affiliated companies were under new management and owned and operated "five semi-refrigerated 22,000 cubic meter liquefied ethylene gas carriers". In 2012, when Wilbur Ross—who had acquired his first stakes in Navigator in 2011 through WL Ross & Co and affiliates—increased his stake, the company was transformed. Ross, who served as Chairman of Navigator in the 2010s, arranged financing so that Navigator Gas could make major purchases which included the 2013 acquisition of Maersk's Handysize LPG fleet, two secondhand LPG carriers, and construct four new buildings. Before Ross' transactions, Navigator Gas's fleet of ten gas shipping vessels was the second largest in the world after Maersk. When Ross purchased the 34% stake of Navigator Holdings held by the then-bankrupt Lehman Brothers in August 2012, Ross' stake increased to 55.7%. By 2013, with the purchase of Maersk's fleet, Navigator became the largest gas shipping company in the world with 27 vessels and "a 28% market share in the handysize gas segment." By 2017, Navigator Holdings had 14 ethylene-capable semi-refrigerated gas carriers, 17 semi-refrigerated and 7 fully refrigerated vessels.
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Stock news

    LONDON, April 09, 2024 (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 that on April 3, 2024, it successfully performed its first ship-to-ship transfer of ammonia. Following a long history of the safe and successful liquified gas ship-to-ship transfers, Navigator Gas reaches a significant milestone in completing its first ship-to-ship

    LONDON, March 27, 2024 (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 that it has filed its Annual Report on Form 20-F for the year ended December 31, 2023 with the U.S. Securities and Exchange Commission. Form 20-F can be downloaded using the link below and is available on our website (www.navigatorgas.com) in the ‘Investors Centre’

    Navigator Holdings (NVGS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

    Navigator Holdings Ltd. (NYSE:NVGS) Q4 2023 Earnings Call Transcript March 14, 2024 Navigator Holdings Ltd. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Mads Peter Zacho: Thank you for standing by, ladies and gentleman, and welcome to the Navigator Holdings’ conference […]

    Navigator Holdings (NVGS) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

    Navigator Holdings ( NYSE:NVGS ) Full Year 2023 Results Key Financial Results Revenue: US$550.7m (up 16% from FY 2022...

    Navigator Holdings (NVGS) delivered earnings and revenue surprises of 3.23% and 8%, respectively, for the quarter ended December 2023. Do the numbers hold clues to what lies ahead for the stock?

    LONDON, March 13, 2024 (GLOBE NEWSWIRE) -- Financial Highlights On March 12, 2024, the Board of Navigator Holdings Ltd. (the "Company", “Navigator Gas”,"we", "our" and "us") (NYSE: NVGS) declared a cash dividend of $0.05 per share, for the quarter ended December 31, 2023, (the “Dividend”) under the Company's Return of Capital policy. The Dividend will be payable on April 25, 2024, to all shareholders of record as of the close of business New York time on April 4, 2024.Also as part of the Company

    Attendance is complimentary to investors & qualified attendees.1x1 Meetings Available Upon Request. NEW YORK, March 06, 2024 (GLOBE NEWSWIRE) -- Senior executives from leading publicly listed LNG, LPG, Crude oil and Product Tanker shipping companies will participate on panels at Capital Link’s 18th Annual International Shipping Forum on Monday, March 11, 2024 at the Metropolitan Club in New York City. Featuring senior executives from shipping and maritime companies, the event is organized in par

    LONDON, Feb. 28, 2024 (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 today that it will release its results for the three and twelve months ended December 31, 2023, after markets close in New York, on Wednesday, March 13, 2024 The next day, Thursday, March 14, 2024 at 10:00 A.M. E.D.T., the Company’s management team will host a Zoom