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Earnings plunge at Ross' Navigator Holdings

The bottom line has declined significantly this year at LPG carrier Navigator Holdings, which is owned by major investor Wilbur Ross.

Photo: Petredec

LPG carrier Navigator Holdings saw its earnings decline to USD 11.1 million in the second quarter this year, down from USD 27.4 million in the second quarter 2015, as evident in the interim report from the carrier, which is controlled by US-based investor Wilbur Ross.

The carrier's revenue also took a slight hit in the period, dropping from USD 81.4 million in the second quarter 2015 to USD 72.5 million in the second quarter 2016.

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