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A strong fourth quarter was not enough to pull Navigator in the black for 2020

Gas carrier Navigator Holdings, which holds the world's biggest fleet of handysizes, booked its third consecutive quarterly profit in the fourth quarter, and yet the company's full year result ended in a deficit of USD 0.4 million. BW Group bought a 39 percent stake in the carrier in December.

Photo: Jose Alexandre Seba - Statoil - PR/Digital

Three consecutive quarterly profits were not enough to pull gas tanker major Navigator Holdings into the black in 2020.

Fourth quarter 2020 gave Navigator Holdings a USD 3.4 million profit on the bottom line, but the tanker carrier's full-year result ended in a USD 0.4 million deficit, reveals the preliminary, unaudited figures for last year.

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