(Source: Navigator Holdings Ltd) Navigator Holdings Exercises an Option for Three Newbuilds London, England, April 23, 2014―Navigator Holdings Ltd. (NYSE: NVGS) today announces that the Company exercised its option to build an additional three 35,000 cubic meter ethylene/ethane capable semi-refrigerated liquefied gas carriers, in addition to the one vessel of the same size already under construction. The three additional vessels will be built at Jiangnan Shipyard in China for $78.4 million each. The 35,000 cubic meter ethylene & ethane carriers are specifically designed in anticipation of large scale exports of ethane becoming available from surplus U.S. shale gas production and the desire...
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