Navigator Sails to Increased Profit

NYSE-listed gas shipping company Navigator Holdings has reported  revenue of USD 84.1 million for the three months ended June 30, 2015, up 10.6% compared to the three months ended June 30, 2014.

The company’s net income increased to a record USD 26.3 million for the three months ended June 30, 2015, up 33.8 % compared to Q2FY2014.

EBITDA increased 23.3 % to USD 47.7 million in the second quarter, compared to USD 38.7 a year earlier.

With the delivery of the newbuilding gas carrier Navigator Umbrio back in April, Navigator owns and operates a fleet of 28 vessels on the water at June 30, 2015.

The company has ten more semi-refrigerated gas carrier newbuildings on order, scheduled for delivery between August 2015 and March 2017.