A replay of the full session of the presentation and the extensive Q&A can be accessed at:
https://www.youtube.com/watch?v=1sSc37mdJC8
Highlights from Navigator’s session at the Capital Link Presentation Series include the following:
Navigator is the owner and operator of the World’s largest fleet of handysize liquified gas carriers. The Company’s fleet is extremely versatile, as its semi- and fully-refrigerated vessels can transport a wide variety of essential cargoes.
Ammonia, Carbon Dioxide Provide Business Opportunities
While the Company transports a diverse mix of commodities, including petrochemicals, ammonia, and ethane, liquified petroleum gas (LPG) has historically made up the bulk of Navigator’s cargo. The efficient energy source is extremely versatile and has been in high demand due to the energy crisis in
Ammonia, which is an essential component of fertilizer, and in turn integral in the food production process, will likely become an even larger part of Navigator’s Business,
Although Navigator does not currently transport carbon dioxide,
North American Natural Gas Liquids (NGL) Market, US LPG Exports Continue to Grow
As
Navigator is taking advantage of this strength through its 50/50 joint venture with Enterprise Products Partners for their ethylene export terminal at Morgan’s
Due to the high cost of oil, many have shifted to LPG propane, increasing demand for the multi-use energy source.
Although many LPG exports from the US are transported on larger ships,
“A Very Healthy Storm” Bolstering Handysize Market
Due to both high natural gas prices and a lack of supply from
As
The healthy demand for LPG in
When asked whether the impact China’s reopening has had on the Company,
The supply of ships is tight, and demand is high, which improves both utilization and rates. Additionally, the orderbook for Handysize vessels is extremely low.
Strong Balance Sheet Allows for Financial Flexibility
Navigator’s total liquidity numbered
Navigator to Acquire Five New Vessels in Joint Venture with
Navigator will acquire five new ethylene vessels through a 60/40 joint venture with
The total price for the five vessels amounts to
Navigator recently announced the second vessel acquisition under its joint venture with
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Capital Link is hosting a series of online Corporate Presentations, whereby the Senior Management teams of leading listed maritime companies present their business development, strategy, growth prospects, and overall sector outlook. The presentations are approximately 45 minutes and consist of a company presentation followed by live Q&A between company management and webinar participants. All presentations in the series can be accessed at https://webinars.capitallink.com/2023/company_presentation/.
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Source: Capital Link
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