Navigator (NVGS) and Ultragas ApS To Merge Fleets and Businesses
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Navigator Holdings Ltd and Ultragas ApS To Merge Fleets and Businesses
April 12, 2021 9:00 AM EDTLONDON, April 12, 2021 /PRNewswire/ -- Navigator Holdings Ltd. ("Navigator") (NYSE: NVGS), today announced the signing of a non-binding Letter of Intent (the "Letter of Intent") with Naviera Ultranav Limitada ("Ultranav") to merge Ultragas ApS' ("Ultragas") fleet and business activities with Navigator. The transaction would unite two leading gas shipping companies with similar culture and mindset and is expected to enhance Navigator's safe, reliable, energy and environmentally efficient, marine transport services. The combined fleet would total 56 vessels, which would enhance Navigator's capability to provide flexibility and support to its customers.
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