Navigator Gas (NYSE: NVGS), the world's largest handysize liquefied gas carrier fleet operator, has released its 2024 Sustainability Report. The report highlights the company's key sustainability initiatives including: significant investments in energy efficiency technologies like anti-fouling hull coatings and propeller boss cap fins, partnerships with Azane Fuel Solutions and Ten08 for blue ammonia projects, and CO2 transportation initiatives. The company is expanding its Morgan's Point Terminal with plans to implement cold ironing capabilities. Navigator Gas maintains strong financial performance while investing in low-carbon infrastructure and focusing on improving gender balance, staff development, and maintaining high business integrity standards. CEO Mads Peter Zacho emphasized sustainability as integral to the company's long-term strategy and highlighted the opportunities presented by the energy transition.
Navigator Gas (NYSE: NVGS), il più grande operatore mondiale di flotte di navi handysize per il trasporto di gas liquefatto, ha pubblicato il suo Rapporto di Sostenibilità 2024. Il rapporto mette in evidenza le principali iniziative di sostenibilità dell'azienda, tra cui: investimenti significativi in tecnologie per l'efficienza energetica come rivestimenti antivegetativi per scafi e pinne per il boss dell'elica, collaborazioni con Azane Fuel Solutions e Ten08 per progetti di ammoniaca blu e iniziative per il trasporto di CO2. L'azienda sta ampliando il Morgan's Point Terminal con l'intenzione di implementare sistemi di cold ironing. Navigator Gas mantiene solide performance finanziarie investendo in infrastrutture a basse emissioni di carbonio e concentrandosi sul miglioramento dell'equilibrio di genere, lo sviluppo del personale e il mantenimento di elevati standard di integrità aziendale. Il CEO Mads Peter Zacho ha sottolineato che la sostenibilità è parte integrante della strategia a lungo termine dell'azienda e ha evidenziato le opportunità offerte dalla transizione energetica.
Navigator Gas (NYSE: NVGS), el mayor operador mundial de flotas de buques handysize para transporte de gas licuado, ha publicado su Informe de Sostenibilidad 2024. El informe destaca las iniciativas clave de sostenibilidad de la compañía, que incluyen: inversiones significativas en tecnologías de eficiencia energética como recubrimientos antiencrustantes para cascos y aletas para el cubo de la hélice, asociaciones con Azane Fuel Solutions y Ten08 para proyectos de amoníaco azul, e iniciativas de transporte de CO2. La empresa está ampliando el Morgan's Point Terminal con planes para implementar capacidades de cold ironing. Navigator Gas mantiene un sólido desempeño financiero mientras invierte en infraestructura baja en carbono y se enfoca en mejorar el equilibrio de género, el desarrollo del personal y mantener altos estándares de integridad empresarial. El CEO Mads Peter Zacho enfatizó que la sostenibilidad es parte integral de la estrategia a largo plazo de la empresa y destacó las oportunidades que presenta la transición energética.
Navigator Gas(NYSE: NVGS)는 세계 최대의 핸디사이즈 액화 가스 운반선 함대 운영사로서 2024년 지속 가능성 보고서를 발표했습니다. 이 보고서는 회사의 주요 지속 가능성 이니셔티브를 강조하며, 반오염 선체 코팅 및 프로펠러 보스 캡 핀과 같은 에너지 효율 기술에 대한 상당한 투자, Azane Fuel Solutions 및 Ten08와의 블루 암모니아 프로젝트 협력, CO2 운송 이니셔티브를 포함합니다. 회사는 Morgan's Point Terminal을 확장하여 콜드 아이어닝 기능을 도입할 계획입니다. Navigator Gas는 저탄소 인프라에 투자하면서 강력한 재무 성과를 유지하고 있으며, 성별 균형 개선, 직원 개발, 높은 비즈니스 윤리 기준 유지에 집중하고 있습니다. CEO Mads Peter Zacho는 지속 가능성을 회사의 장기 전략의 핵심으로 강조하며 에너지 전환이 가져오는 기회를 부각시켰습니다.
Navigator Gas (NYSE : NVGS), le plus grand opérateur mondial de flotte de navires handysize transportant du gaz liquéfié, a publié son Rapport de Durabilité 2024. Le rapport met en avant les initiatives clés en matière de durabilité de l'entreprise, notamment : des investissements importants dans des technologies d'efficacité énergétique telles que les revêtements antisalissure pour coques et les ailerons de bossage d'hélice, des partenariats avec Azane Fuel Solutions et Ten08 pour des projets d'ammoniac bleu, ainsi que des initiatives de transport de CO2. La société étend son Morgan's Point Terminal avec des plans pour mettre en place des capacités de cold ironing. Navigator Gas maintient une solide performance financière tout en investissant dans des infrastructures à faible émission de carbone et en se concentrant sur l'amélioration de l'équilibre entre les sexes, le développement du personnel et le maintien de normes élevées d'intégrité commerciale. Le PDG Mads Peter Zacho a souligné que la durabilité fait partie intégrante de la stratégie à long terme de l'entreprise et a mis en lumière les opportunités offertes par la transition énergétique.
Navigator Gas (NYSE: NVGS), der weltweit größte Betreiber von Handysize-Flüssiggasflotten, hat seinen Nachhaltigkeitsbericht 2024 veröffentlicht. Der Bericht hebt die wichtigen Nachhaltigkeitsinitiativen des Unternehmens hervor, darunter bedeutende Investitionen in energieeffiziente Technologien wie Antifouling-Rumpfbeschichtungen und Propeller-Boss-Kappenflossen, Partnerschaften mit Azane Fuel Solutions und Ten08 für Projekte mit blauem Ammoniak sowie CO2-Transportinitiativen. Das Unternehmen erweitert das Morgan's Point Terminal mit Plänen zur Implementierung von Cold Ironing. Navigator Gas erzielt weiterhin starke finanzielle Leistungen, investiert in kohlenstoffarme Infrastruktur und konzentriert sich auf die Verbesserung der Geschlechterbalance, die Mitarbeiterentwicklung sowie die Aufrechterhaltung hoher Standards der Geschäftsintegrität. CEO Mads Peter Zacho betonte, dass Nachhaltigkeit ein integraler Bestandteil der langfristigen Unternehmensstrategie ist und hob die Chancen hervor, die der Energiewandel bietet.
Positive
Investment in multiple energy efficiency technologies to reduce environmental impact
Strategic partnerships for blue ammonia and CO2 transportation projects
Morgan's Point Terminal expansion with cold ironing capabilities
Maintained financial strength while investing in low-carbon infrastructure
Negative
None.
LONDON, May 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 publication of its 2024 Sustainability Report.
The document, which is available on our website in the ‘Investors Centre’ section under ‘Financials’ then ‘Annual Reports’, provides a comprehensive overview of our continued commitment to sustainable operations. It details Navigator Gas’ efforts to reduce its environmental impact, improve diversity, and implement high standards of corporate governance by conducting our business responsibly and ethically.
Some highlights from our 2024 Sustainability Report include:
The significant investments we are making in energy efficiency technologies, such as anti-fouling hull coatings, propeller boss cap fins, trim optimisation, digitalisation, fuel optimisation and alignment with industry decarbonisation frameworks.
The progress we are making in several partnerships and collaborations, including Azane Fuel Solutions, Ten08 blue ammonia and projects around CO2 transportation.
Our Morgan’s Point Terminal expansion, leading to an increased export capacity with plans to introduce capabilities to connect seagoing vessels to onshore power (cold ironing) to further reduce fuel consumption and consequent emissions whilst alongside.
Our ability to maintain our financial strength and profitability whilst investing in low-carbon infrastructure.
The approach we have taken towards improving gender balance, training and professional development of our seagoing and shore-based staff, occupational health, safety and wellbeing.
How we maintain and uphold high standards of business integrity and ethical conduct, both within Navigator Gas, and the efforts we are making to improve the visibility of potential sustainability risks within our supply chain.
Mads Peter Zacho, CEO of Navigator Gas, commented:
“At Navigator, sustainability is integral to our long-term business strategy and vision. 2024 has been a year of continued progress. I’m proud of the headway we have made in improving fuel efficiency across the fleet, our collaborations through partnerships such as Azane Fuel Solutions, Ten08 and BlueStreak. It is my firm belief that capitalising on the opportunities that the energy transition presents to us is going to be a key driver of our continued success. Our team has compiled this comprehensive report, outlining our key activities supported with data, and I hope that you enjoy reading it.”
About Navigator Gas Navigator Holdings Ltd. (described herein as “Navigator Gas” or the “Company”) 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. Navigator Gas’ fleet consists of 59 semi- or fully-refrigerated liquefied gas carriers, 28 of which are ethylene and ethane capable. 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 Gas’ common stock trades on the New York Stock Exchange under the symbol “NVGS”.
For media enquiries or further information, please contact:
Alexander Walster Head of ESG & Communications Email: communications@navigatorgas.com Verde, 10 Bressenden Place, London, SW1E 5DH, UK Tel: +44 (0)7857 796 052, +44 (0)20 7045 4114
Investor Relations / Media Advisors Nicolas Bornozis / Paul Lampoutis Capital Link – New York Tel: +1-212-661-7566 Email: navigatorgas@capitallink.com
Forward Looking Statements
This press release contains certain forward-looking statements concerning plans and objectives of management for future operations or economic performance, or assumptions related thereto, including statements relating to Navigator Gas’ strategy for sustainability.
In addition, we and our representatives may from time to time make other oral or written statements that are also forward-looking statements. Such statements include, in particular, statements about our plans, strategies, business prospects, changes and trends in our business and the markets in which we operate.
In some cases, you can identify the forward-looking statements by the use of words such as “may,” “could,” “should,” “would,” “expect,” “plan,” “seek,” “target,” “aim,” “become,” “anticipate,” “intend,” “forecast,” “believe,” “estimate,” “predict,” “propose,” “potential,” “continue,” “scheduled,” or the negative of these terms or other comparable terminology.
These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to, those set forth in the periodic reports Navigator Gas files with the Securities and Exchange Commission.
All forward-looking statements included in this press release are made only as of the date of this press release. New factors emerge from time to time, and it is not possible for us to predict all these factors. Further, we cannot assess the impact of each such factor on our business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward-looking statement.
We expressly disclaim any obligation to update or revise any of these forward-looking statements, whether because of future events, new information, a change in our views or expectations, or otherwise. We make no prediction or statement about the performance of our common stock.
Category: General
FAQ
What sustainability initiatives has Navigator Gas (NVGS) implemented in 2024?
Navigator Gas implemented energy efficiency technologies like anti-fouling hull coatings and propeller boss cap fins, partnered with Azane Fuel Solutions and Ten08 for blue ammonia projects, expanded Morgan's Point Terminal, and focused on improving gender balance and staff development.
How is Navigator Gas (NVGS) addressing environmental concerns in its operations?
The company is investing in energy efficiency technologies, implementing cold ironing capabilities at Morgan's Point Terminal, and developing partnerships for blue ammonia and CO2 transportation projects to reduce environmental impact.
What expansion plans does Navigator Gas (NVGS) have for Morgan's Point Terminal?
Navigator Gas is increasing export capacity at Morgan's Point Terminal and plans to implement cold ironing capabilities to reduce fuel consumption and emissions for vessels alongside.
What partnerships has Navigator Gas (NVGS) formed for sustainability initiatives?
Navigator Gas has formed partnerships with Azane Fuel Solutions and Ten08 for blue ammonia projects, and is involved in CO2 transportation initiatives.
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