Wilbur Ross' Navigator had strong second quarter

A growing fleet and higher rates boosted gas carrier Navigator Holdings' second quarter result.

Photo: Jose Alexandre Seba - Statoil

Listed gas carrier Navigator Holdings, which is controlled by American equity fund investor Wilbur Ross, delivered an operating profit of USD 34.6 million in the second quarter 2015, corresponding to a 25.5 percent improvement from the same period last year, primarily attributed to the carrier's growing fleet of Handysize vessels along with higher rates, according to Navigator Holdings' second quarter interim report.

Net profit in the period came to USD 26.3 million, up from USD 19.6 million in the second quarter 2014, which represents an improvement of close to 34 percent.

Read the whole article

Get 14 days free access.
No credit card required.

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

Extreme container rates can push shippers into bankruptcy

Extreme container freight rates might lead to a string of bankruptcies for companies without transport deals, says shipping analyst Lars Jensen in an analysis to Shippingwatch. Particularly smaller fashion brands are under pressure, according to trade organization.

Further reading

Related articles

Trial banner

Latest news