Navigator Gas announces signing of definitive agreements to sell eight gas carriers
Navigator Holdings Ltd., the owner and operator of the world’s largest fleet of handy-size liquefied gas carriers, announces, following the execution of a non-binding letter of intent previously announced on April 15, 2026, that yesterday, July 13, 2026, it signed definitive agreements to sell eight gas carriers, as well as its shareholding in the Unigas International B.V. joint venture (the Unigas Pool), for an aggregate purchase price of approximately $183 million.
The eight Vessels to be sold as part of the Transaction are summarized in the table below:
The Vessels and shares in the Unigas Pool are to be sold to Bernhard Schulte Investment Holding GmbH and Sloman Neptun Schiffahrts-Aktiengesellschaft, the existing partners in the Unigas Pool. The proceeds from the Transaction are expected to be used for general corporate purposes.
As previously announced, the transaction is consistent with the company’s ongoing focus on fleet optimization and disciplined capital allocation and will allow it to focus on its long-term fleet strategy centered on growing and consolidating handy-size and mid-size ethylene-capable vessels.
The transaction, which is subject to customary closing conditions, as well as delivery of the Vessels pursuant to it, is expected to be completed by the fourth quarter of 2026, after which the company’s fleet will consist of 46 vessels, 16 of which will be ethylene and ethane capable.
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