Navigator Holdings acquires second vessel under Greater Bay Gas JV

Navigator Holdings announced the second vessel acquisition under its 60/40 joint venture with Greater Bay Gas, previously announced on September 30, 2022. The Joint Venture announced the purchase of its first of five vessels on December 20, 2022. The vessel, renamed Navigator Solar, is a 17,000 cbm liquefied ethylene gas carrier, built in 2018 and was delivered on January 16, 2023. The remaining vessels expected to be purchased over the next 12 months by the Joint Venture are three 22,000 cbm, 2019-built ethylene carriers. As 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. Ltd. of Singapore.