ShippingWatch

Navigator books deficit for 2018

While revenue grew in the fourth quarter and for the year as a whole, 2017's profit turned into a deficit in 2018 for gas carrier Navigator Holdings.

Photo: Jose Alexandre Seba - Statoil

The last three months and the year as a whole brought a deficit for Navigator Holdings, shows the 2018 annual report of the petrochemical product tanker carrier, which was formerly owned by US Commerce Secretary Wilbur Ross.

Revenue for the year grew to USD 310 million, while the last three months of the year ended with a 2 percent growth in revenue to USD 78.2 million.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Employee at Bunker Holding subsidiary charged for alleged corruption

A trader at KPI Oceanconnect, a subsidiary of Bunker Holding, has been charged with alleged corruption totaling at least USD 191,250 as rewards for nominating Straits for the supply of bunker fuel to KPI's customers. The employee has been suspended and his contract terminated, the company informs ShippingWatch.

Freight rates for furniture eat up almost entire profit

The price of shipping a 40-foot container with assembled furniture from Asia to the US West Coast is currently so high that freight rates make up almost 100 percent of the furniture's retail value, according to Sea-Intelligence.

Wallem Group appoints new CEO

Wallem Group appoints interim CEO since January 2021 as the new chief executive officer of the ship management company.

Further reading

Related articles

Trial banner

Latest news

See all jobs