AmericasFinance and InsuranceGas

BW Group looks to raise $93m from sale of Navigator Holdings shares

Photo of Sam Chambers Sam ChambersJune 12, 2024
625 Less than a minute
Navigator

BW Group is relinquishing its position as lead shareholder in New York-listed LNG shipping giant Navigator Holdings, putting shares worth $93m on the market. 

Chilean shipowner Ultranav is set to become the single largest shareholder once the sale of BW’s 6m shares go through.

BW became a shareholder in Navigator four years ago, acquiring stock from WL Ross at $9 per share. The current share price stands at more than $15. 

Navigator owns and operates 56 gas carriers. 

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Photo of Sam Chambers Sam ChambersJune 12, 2024
625 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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