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Wilbur Ross' gas carrier hit by tough LPG market

Gas carrier Navigator Holdings is weighed down by the low LPG rates, and the carrier thus noted a decline in revenue and earnings in the third quarter. The company will now focus more on petrochemicals.

Photo: Petredec

Navigator Holdings, which has Wilbur Ross as a backer, declined across the board in the third quarter.

This development is evident from the preliminary results for the third quarter, published by the listed gas carrier.

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