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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.

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