Navigator Hldgs Ltd Stock Price, News & Analysis

Navigator Holdings Ltd. (NYSE: NVGS) announced its participation in Capital Link's Corporate Presentations Webinar Series. The presentation is scheduled for February 9, 2022, at 11 a.m. ET. Senior management will discuss the company's current operations, growth prospects, and the liquefied gas sector outlook. Interested participants can register for the webinar and submit questions during the session. Navigator operates the largest fleet of handysize liquefied gas carriers, playing a crucial role in the seaborne transportation of petrochemical gases.

Navigating through success, Navigator Holdings Ltd. (NYSE: NVGS) has been awarded the “Best Integrated Logistics CSR – Global 2021” by Capital Finance International. This recognition highlights Navigator's commitment to enhancing operational efficiency while prioritizing environmental responsibility. Notably, the company achieved its first net-zero journey and received a gold rating from EcoVadis. With a fleet of 55 liquefied gas carriers, Navigator plays a crucial role in the energy supply chain, connecting producers and consumers sustainably. This award reflects their dedication to corporate social responsibility.

Navigator Holdings Ltd. (NYSE: NVGS) conducted its 2021 Annual General Meeting on December 14, 2021. At this meeting, the election of eight board members was approved, including Dag von Appen and Andreas Beroutsos. The meeting did not address any other proposals. Navigator is recognized as the operator of the largest handysize liquefied gas carrier fleet, now enhanced by a merger with Ultragas ApS, adding 18 vessels, bringing the fleet total to 55. The company plays a crucial role in liquefied gas transport, facilitating connections in the supply chain.

Navigator Holdings Ltd. (NYSE: NVGS) reported a significant increase in operating revenue for Q3 2021, reaching $102.7 million, up from $81.4 million in Q3 2020. Net income surged to $6.7 million (EPS of $0.10), compared to $1.3 million (EPS of $0.02) a year prior. Adjusted EBITDA was $40.3 million, compared to $29.6 million in the previous year. Fleet utilization improved to 84.0%, compared to 78.8% in Q3 2020. The acquisition of Ultragas added 18 vessels to the fleet, enhancing operational capabilities despite a slight decrease in throughput volumes at the Marine Export Terminal.

Navigator Holdings Ltd. (NYSE: NVGS) announced that its joint venture, Dan-Unity CO2 A/S, received approval in principle for new CO2-carrying vessel designs from the American Bureau of Shipping. This move, involving 12,500 cubic metre and 22,000 cubic metre capacities provided by TGE Marine, marks a significant milestone in the development of CO2 carriers. Chief Commercial Officer Oeyvind Lindeman emphasized the importance of this achievement in advancing the joint venture's plans.

Navigator Holdings Ltd. (NYSE: NVGS) has scheduled its 2021 Annual Meeting for December 14, 2021, in Paris, France, at 09:00 A.M. local time. The record date for shareholder voting is set for November 15, 2021. During the meeting, shareholders will vote on the election of Board members. Notices, agenda, and related materials will be shared prior to the meeting. Additionally, the Company has filed its Form 20-F for the fiscal year ending December 31, 2020, which is available for download on its website and the SEC's site.

Navigator Holdings Ltd. (NYSE: NVGS), the owner of the largest fleet of handysize liquefied gas carriers, will announce its financial results for the three and nine months ending September 30, 2021, post-market on November 29, 2021. A conference call to discuss these results is scheduled for November 30, 2021, at 10:00 A.M. E.S.T. Participants can join via several dial-in options. Navigator plays a key role in transporting petrochemical gases and recently merged with Ultragas ApS, expanding its fleet to 55 vessels, enhancing its position in the gas shipping market.

Navigator Holdings Ltd. (NYSE: NVGS) has secured fixed-rate charters for three of its midsize ethane carriers. This includes a 4-year extension for the Navigator Eclipse starting March 2022, a 3-year extension for the Navigator Nova starting September 2023, and a new 4-year charter for the Navigator Prominence, commencing January 2022. These contracts enhance Navigator's role in transporting competitively priced U.S.-produced ethane, further integrating its operations within the global liquefied gas supply chain.

Navigator Holdings Ltd. (NYSE: NVGS) announces the resignation of Dr. Henry Deans as CEO and Board member, effective October 28, 2021. Dr. Deans, who served since August 2019, played a pivotal role in merging Navigator with Ultragas, expanding the fleet to 55 vessels. The company is initiating a search for his successor while interim leadership will be provided by key executives including CFO Niall Nolan and CCO Oeyvind Lindeman. Navigator operates one of the largest fleets of liquefied gas carriers, facilitating vital supply chains for energy and industrial sectors.