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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.

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