DivestmentApr 15, 2026, 02:02 AM
Navigator Holdings to Sell 8 Gas Carriers & Unigas Stake for ~$183M
AI Summary
Navigator Holdings Ltd. announced a non-binding letter of intent to sell eight gas carriers and its shareholding in the Unigas International B.V. joint venture to Bernhard Schulte and Sloman Neptun for approximately $183 million. This transaction is part of the company's fleet optimization strategy, focusing on handysize and midsize ethylene-capable vessels. The proceeds will be used for general corporate purposes, and the company expects the sale to be value accretive, enhancing shareholder value and supporting fleet renewal.
Key Highlights
- Sale of 8 gas carriers and Unigas International B.V. shareholding.
- Aggregate purchase price of approximately $183 million.
- Vessels have an average age of 13 years.
- Expected to close by Q4 2026.
- Company will fully exit the Unigas Pool.