Navigator Gas

Navigator Gas Announces Successful First Ship-to-Ship Transfer of Ammonia

Retrieved on: 
Tuesday, April 9, 2024
Ammonia, Navigator Gas, Port, Risk management, CBM, NH3, LPG

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.

Key Points: 
  • 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 transfer of anhydrous ammonia (NH3).
  • In a carefully planned and closely monitored operation lasting eleven hours, on April 3, 2024 Navigator Gas’ vessel, the “NAVIGATOR JORF”, a 38,000 cbm liquefied petroleum gas (‘LPG’) gas carrier, safely received 25,300 metric tonnes of NH3 from LPG tanker “ECO ORACLE”, whilst moored alongside in the Port of Ngqura, South Africa.
  • By showing that a ship-to-ship transfer of NH3 can be completed safely, reliably and efficiently, Navigator Gas expects this successful process will lead to future opportunities to utilise NH3 as an alternative fuel source and to facilitate the transition towards zero-emissions shipping.

Navigator Gas Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, March 13, 2024
Amon, Element, The Company, TC, Enterprise Products, Crédit Agricole, Terminal, Policy, Sale, Line of credit, Transport, Dividend, Return, Module (mathematics), Carbon, Adjustment, Credit, Zoom, Depreciation, Term loan, Ammonia, Navigator Gas, Navigator

Utilization across the fleet decreased from 93.4% in the third quarter of 2023 to 91.3% in the fourth quarter of 2023.

Key Points: 
  • Utilization across the fleet decreased from 93.4% in the third quarter of 2023 to 91.3% in the fourth quarter of 2023.
  • The Ethylene Export Terminal throughput during the fourth quarter of 2023 was 208,495 metric tons, compared to 262,835 metric tons during the fourth quarter of 2022.
  • Of the expected total of $130 million, $35.0 million has been contributed as of December 31, 2023, $17.0 million of which was contributed during the fourth quarter of 2023.
  • E.D.T., the Company’s management team will host a Zoom conference call and slide presentation to discuss the financial results for the fourth quarter of 2023.

Live Webinar on the LPG Sector: Thursday, November 30, 2023, at 10 a.m. ET

Retrieved on: 
Monday, November 20, 2023
Q&A, LPG, Navigator Gas, CFO

Randi Navdal Bekkelund, CFO at Avance Gas Holding Ltd (OSE: AGAS.OL)

Key Points: 
  • Randi Navdal Bekkelund, CFO at Avance Gas Holding Ltd (OSE: AGAS.OL)
    Kristian Sorensen, CEO at BW LPG Ltd (OSE: BWLPG.OL)
    Theodore B.
  • Young, CFO at Dorian LPG Ltd. (NYSE: LPG)
    Mads Peter Zacho, CEO at Navigator Holdings Ltd. (NYSE: NVGS)
    This webinar will provide an analysis of the latest market dynamics, including supply and demand patterns, market fluctuations, and regulatory changes.
  • The panelists will share their perspectives on the key drivers shaping the outlook of the LPG market.
  • From the impact of global geopolitics to market growth, this webinar promises to deliver an engaging conversation to gain insight into the LPG landscape.

Navigator Holdings Ltd. Third Quarter 2023 Results (Unaudited)

Retrieved on: 
Monday, November 13, 2023
Amon, EBITDA, Carbon, NYSE, Transport, Navigator, Dividend, Module (mathematics), Season, Navigator Gas, Nordic, Enterprise Products, Ethylene, Adjustment, IPO, TC, Hand, Ammonia, Terminal, ASA, The Company, Policy, Clothing, Security (finance), Rare-earth element, Airline, Lumber, Azane

On November 13, 2023, the Board declared a cash dividend of $0.05 per share of the common stock of Navigator Holdings Ltd. (the "Company", “Navigator”, "we", "our" and "us") (NYSE: NVGS), for the quarter ended September 30, 2023 (the “Dividend”).

Key Points: 
  • On November 13, 2023, the Board declared a cash dividend of $0.05 per share of the common stock of Navigator Holdings Ltd. (the "Company", “Navigator”, "we", "our" and "us") (NYSE: NVGS), for the quarter ended September 30, 2023 (the “Dividend”).
  • Net Income attributable to stockholders' of Navigator Holdings Ltd. was $19.1 million for the three months ended September 30, 2023, compared to $2.4 million for the three months ended September 30, 2022.
  • Utilization across the fleet increased from 89.0% in the second quarter of 2023 to 93.4% in the third quarter of 2023.
  • The fourth quarter of 2023 and the first quarter of 2024 are typically busier seasons for our fleet.

Yara and Navigator Holdings Ltd. Lead Investment Into Azane Fuel Solutions To Realize World’s First Ammonia Bunkering Solution

Retrieved on: 
Wednesday, October 25, 2023
Amon, Ammonia, Yara International, NYSE, Carbon, Navigator Gas, Transport, Navigator, Fertilizer

Subject to customary conditions, Azane intends to build the world’s first ammonia bunkering network, with Yara Clean Ammonia already pre-ordering 15 units from Azane.

Key Points: 
  • Subject to customary conditions, Azane intends to build the world’s first ammonia bunkering network, with Yara Clean Ammonia already pre-ordering 15 units from Azane.
  • The investment made by Yara and Navigator is expected to enable Azane to begin construction of its first bunkering unit for ammonia supply in Norway, aiming to kickstart the transition to zero-carbon fuels for maritime transportation.
  • Future value creation for Azane is expected to come through international expansion with its bunkering solutions and broadening of its offerings in ammonia fuel handling technology.
  • Azane is a commercial partner of Yara Clean Ammonia, who expects to provide clean ammonia to be stored in Azane’s bunkering units once operational.

Yara and Navigator Holdings Ltd. Lead Investment Into Azane Fuel Solutions To Realize World’s First Ammonia Bunkering Solution

Retrieved on: 
Wednesday, October 25, 2023
Amon, Ammonia, Yara International, NYSE, Carbon, Navigator Gas, Transport, Navigator, Fertilizer

Yara Growth Ventures and Navigator Holdings Ltd. lead investment round of 5.4 million EUR (around 5.7 million USD) in Azane Fuel Solutions AS ammonia bunkering startup, to commence construction of the first of 15 bunkering units.

Key Points: 
  • Yara Growth Ventures and Navigator Holdings Ltd. lead investment round of 5.4 million EUR (around 5.7 million USD) in Azane Fuel Solutions AS ammonia bunkering startup, to commence construction of the first of 15 bunkering units.
  • OSLO and LONDON, October 25, 2023: Yara Growth Ventures AS, the venture investment arm of Yara International ASA (together, “Yara”), and Navigator Holdings Ltd. (NYSE: NVGS) (“Navigator”) today announced that they have each successfully acquired a 14.5% interest in the Norwegian startup Azane Fuel Solutions AS (“Azane”).
  • Subject to customary conditions, Azane intends to build the world’s first ammonia bunkering network, with Yara Clean Ammonia already pre-ordering 15 units from Azane.
  • Future value creation for Azane is expected to come through international expansion with its bunkering solutions and broadening of its offerings in ammonia fuel handling technology.

Deep Dive into Navigator Holdings Ltd.: Mads Peter Zacho, CEO of NVGS, Discusses Navigator’s Corporate Achievements, Strategies, and LPG Sector Insights

Retrieved on: 
Wednesday, August 30, 2023
LPG, NYSE, Navigator Gas, Interview, Research, Stifel, Capital, Management

NEW YORK, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Mr. Mads Peter Zacho, Chief Executive Officer of Navigator Holdings Ltd. (NYSE: NVGS), participated in Capital Link’s Deep Dive Series.

Key Points: 
  • NEW YORK, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Mr. Mads Peter Zacho, Chief Executive Officer of Navigator Holdings Ltd. (NYSE: NVGS), participated in Capital Link’s Deep Dive Series.
  • This series is an in-depth 1-on-1 discussion between a research analyst and publicly listed shipping company CEO on the company and sector.
  • Ben Nolan at Stifel engaged in a comprehensive discussion with Mr. Mads Peter Zacho at Navigator Holdings Ltd. on Navigator’s success story, covering topics from historical milestones to corporate achievements, strategies, and LPG sector insights.
  • The full interview can be accessed at the link below:

Navigator Holdings Ltd. Preliminary Second Quarter 2023 Results (Unaudited)

Retrieved on: 
Wednesday, August 16, 2023
IPO, Ethylene, Navigator Gas, Carbon, Sale, Bumi Armada, EBITDA, Dividend, Navigator, Documentation, Time charter equivalent, Terminal, CO2, United Kingdom, Policy, United, Adjustment, NYSE, TC, Clothing, Cryptocurrency, Rare-earth element, Airline

On August 15, 2023, the Board declared a cash dividend of $0.05 per share of the common stock of Navigator Holdings Ltd. (the “Company”, “Navigator”, “we”, “our” and “us”) (NYSE: NVGS), for the quarter ended June 30, 2023 (the “Dividend”).

Key Points: 
  • On August 15, 2023, the Board declared a cash dividend of $0.05 per share of the common stock of Navigator Holdings Ltd. (the “Company”, “Navigator”, “we”, “our” and “us”) (NYSE: NVGS), for the quarter ended June 30, 2023 (the “Dividend”).
  • The Ethylene Export Terminal had a throughput during the second quarter of 2023 totaling 277,582 metric tons, compared to 268,444 metric tons during the second quarter of 2022.
  • The handysize segment has continued its robust performance from the first quarter through the second quarter of 2023.
  • Utilization across the fleet decreased from 96% in the first quarter of 2023 to 89% through the second quarter of 2023.

Navigator Holdings Ltd. CEO, Mads Peter Zacho, Discusses its Bluestreak CO2 Joint Venture

Retrieved on: 
Wednesday, July 5, 2023
Interview, Navigator Gas, Carbon, Bumi Armada, Navigator, Blue Streak, Capital, CO2, United Kingdom, United, News, NYSE, Cryptocurrency

NEW YORK, July 05, 2023 (GLOBE NEWSWIRE) -- Mr. Mads Peter Zacho, Chief Executive Officer of Navigator Holdings Ltd., (NYSE: NVGS), participated in Capital Link’s Trending News Podcast Series, hosted by Mr. Nicolas Bornozis, President of Capital Link.

Key Points: 
  • NEW YORK, July 05, 2023 (GLOBE NEWSWIRE) -- Mr. Mads Peter Zacho, Chief Executive Officer of Navigator Holdings Ltd., (NYSE: NVGS), participated in Capital Link’s Trending News Podcast Series, hosted by Mr. Nicolas Bornozis, President of Capital Link.
  • In this Podcast Series, company management discusses and comments on recent news and announcements.
  • During the interview, Mr. Zacho expanded on Navigator’s decision to sign a non-binding memorandum of understanding with Bumi Armada Berhad, one of the world’s largest floating infrastructure operators, to establish a joint venture company, the Bluestreak CO2 Joint Venture, to provide CO2 shipping and injection solutions in the United Kingdom.
  • The Bluestreak CO2 Joint Venture, to be owned 50% by Navigator and 50% by Bumi Armada, aims to provide an end-to-end solution for carbon emitters to capture, transport, sequester and store their carbon dioxide emissions in line with the United Kingdom’s Industrial Decarbonization Strategy.

Navigator Holdings Ltd. CEO, Mads Peter Zacho, Discusses Business – Capital Allocation Strategy & LPG Sector Outlook

Retrieved on: 
Wednesday, June 7, 2023
LPG, Navigator Gas, Interview, News, NYSE, Ammonia, Capital, Cryptocurrency

NEW YORK, June 07, 2023 (GLOBE NEWSWIRE) -- With the occasion of the recently announced financial and operational results of Q1 2023, Mr. Mads Peter Zacho, Chief Executive Officer of Navigator Holdings Ltd., (NYSE: NVGS), participated in Capital Link’s Trending News Podcast Series, hosted by Mr. Nicolas Bornozis, President of Capital Link.

Key Points: 
  • NEW YORK, June 07, 2023 (GLOBE NEWSWIRE) -- With the occasion of the recently announced financial and operational results of Q1 2023, Mr. Mads Peter Zacho, Chief Executive Officer of Navigator Holdings Ltd., (NYSE: NVGS), participated in Capital Link’s Trending News Podcast Series, hosted by Mr. Nicolas Bornozis, President of Capital Link.
  • In this Podcast Series, company management discusses and comments on recent news and announcements.
  • During the interview, Mr. Zacho discussed Navigator Holdings business, chartering, and capital allocation strategies, as well as the current market conditions and the LPG, ammonia, and ethylene markets outlook.
  • The order book, the impact of supply and demand balance, and the impact on the fleet from environmental regulations @ 32:36