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Wilbur Ross' Navigator sees profits soar

Navigator Gas, owner and operator of the world's largest fleet of Handysize gas vessels, LGC's, managed to grow its profits significantly in the 2nd quarter this year. And the revenue followed suit.

American financial icon Wilbur Ross rarely gets involved in an investment without being fairly certain that said investment will turn a profit in the foreseeable future. This also applies to Navigator Gas, where Wilbur Ross features as a prominent board member, another being the German shipping investor family Oetker.

The gas segment in general is a considerable driving force in shipping, and the influx of tonnage and the positive developments for the carrier in recent months made Navigator Gas's profit grow a staggering 71 percent in the second quarter this year, to a USD 19.7 million profit compared to USD 11.5 million in the same period last year.

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