Navigator, the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, is pleased to announce the third and fourth vessel acquisitions under its 60/40 joint venture with Greater Bay Gas, previously announced on September 30, 2022. The Joint Venture announced the purchase of the first and second of five vessels on December 20, 2022 and January 17, 2023, respectively.
The vessels, renamed Navigator Castor and Navigator Equator, were delivered on March 23 and March 27, 2023 respectively. Both vessels are 22,000 cbm liquefied ethylene gas carriers built in 2019. The final 22,000 cbm vessel is expected to be purchased by the Joint Venture in the coming weeks.
As previously announced, all five vessels will continue to be commercially managed under the Luna Pool collaboration arrangement, and technical management will be provided by the third-party technical manager, PG Shipmanagement Pte. Ltd. of Singapore.