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Navigator Gas plans to sell 8 gas vessels and exit Unigas JV for $183M to focus on fleet renewal.

Company Fundamentals
15 Apr 2026
GlobeNewsWire
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Bullish
pluang ai news

Navigator Gas signed a non-binding letter of intent to sell eight gas carriers and its stake in the Unigas joint venture for about $183 million. The sale, expected to close by Q4 2026, aligns with the company's strategy to optimize its fleet by focusing on newer, more efficient vessels. This move will reduce the fleet size but support long-term growth in handysize and midsize ethylene-capable vessels. Proceeds will be used for general corporate purposes, enhancing shareholder value and balance sheet strength.

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