Navigator Holdings Ltd., exercised its previously announced option to construct two further 48,500 cubic meter capacity liquefied ethylene gas carriers with Jiangnan Shipyard and China Shipbuilding Trading.
The newbuild vessels are of the same specification and cost as the vessels announced by the company on 23 August and will be able to carry a wide variety of gas products, from petrochemicals such as ethylene and ethane, to LPG and clean ammonia.
That means that the new vessels will be fitted with dual-fuel engines for ethane, a low-carbon intensity transitional fuel, and made retrofit-ready for using ammonia as a fuel in the near future.
Furthermore, the newbuild vessels are expected to be delivered to the company in November 2027 and January 2028 respectively.
With the two additional newbuild vessels, Navigator now has four vessels in its newbuilding program, three of which are due for delivery in 2027 and one in 2028.
