Operating profit at Wilbur Ross' Navigator soars

Gas carrier Navigator Holdings, which in 2013 acquired 11 ships from Maersk Tankers, increased its profits, though a ship fire weighed down the carrier's fleet utilization rate.

Navigator Holdings, which owns and operates the world's largest fleet of Handysize gas vessels after acquiring 11 ships from Maersk Tankers last year, finished 2013 with an operating profit (EBITDA) of USD 106 million, compared to USD 63.9 million in 2012.

The New York-listed carrier, controlled by equity fund investor Wilbur Ross, operates 24 Handysize vessels and has another 10 newbuildings in the pipeline, set for delivery from April 2014 to April 2016.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
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

MPC upgrades 2022 guidance after strong first half

MPC Container Ships reports continued advancement in Q2, raising guidance for its operating result to almost half a billion dollars. High rates will continue for several quarters yet, the company expects.

Further reading

Related articles

Latest news

See all jobs