New York-listed handysize liquefied gas carrier owner and operator Navigator Gas is boosting its fleet portfolio with two additional newbuild liquefied ethylene gas carriers.
The company has exercised its previously announced option to construct two further 48,500 cubic meter capacity liquefied ethylene gas carriers with Jiangnan Shipyard (Group) Co., Ltd. and China Shipbuilding Trading Co., Ltd. in China.
The vessels will be of the same specification and cost as the vessels announced by the company on August 23, 2024, Navigator Gas said, and will be able to carry a wide variety of gas products, from petrochemicals such as ethylene and ethane, to LPG and clean ammonia.
The units are expected to be delivered to the shipowner in November 2027 and January 2028 respectively.
With the two additional newbuild vessels, Navigator now has four vessels in its newbuilding program, three of which are due for delivery in 2027 and one in 2028.
Navigator Gas’ fleet consists of 56 semi- or fully-refrigerated liquefied gas carriers, 25 of which are ethylene and ethane capable.
