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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.

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