A joint venture between New York-listed handysize gas carrier owner and operator Navigator Holding and its Chinese partner Greater Bay Gas has acquired the last of its scheduled five ethylene vessels.
The JV, owned 60% by Navigator and 40% by Greater Bay Gas, has added the 2019-built 22,000 cu m liquefied ethylene gas carrier and renamed it Navigator Vega.
The first four ships were purchased between December 2022 and March 2023. The fifth unit concludes the first multi-vessel acquisition under the JV, which was announced last September and has been completed ahead of the anticipated fifteen-month delivery schedule.
All vessels will continue to be commercially managed by the Luna Pool, and technical management will be provided by Singapore’s PG Shipmanagement.
