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Navigator doubles deficit and appoints new CEO

Gas carrier Navigator Holdings doubled its deficit despite stable revenue in the second quarter. And the shipping company has appointed a new CEO as of late August.

Photo: Jose Alexandre Seba - Statoil - PR/Digital

Navigator Holdings, which transports petrochemical products, doubled its deficit in the latest quarter, according to the company's interim report.

The deficit totals USD 7.7 million for the quarter, which ended at the close of June 2019. This is a doubling of last year's deficit of USD 3.2 million in the corresponding quarter.

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