ShippingWatch

Profits up by 30 percent at Ross' Navigator

Navigator Holdings, which currently has 27 gas vessels in the water and an additional 10 newbuildings on the way over the next two years, improved its profits by 30.5 percent in the first quarter.

Photo: Jose Alexandre Seba - Statoil

Gas carrier Navigator Holdings, which is controlled by the US-based equity fund investor Wilbur Ross, exited the first quarter 2015 with a net profit of USD 22 million, an advancement of 30.5 percent compared to the same period the year before.

EBITDA was up by 25 percent to USD 44.7 million for the company's whole fleet with 27 vessels in the water.

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

CBS launches board program for the shipping industry

Supported by a number of high-profile names from the global shipping industry, CBS’s new Blue Board Leadership Programme’s first module is already half full. The faculty team includes BW Group Chairman Andreas Sohmen-Pao.

Further reading

Related articles

Latest news

See all jobs