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 November 11, 2015 - 8:30 AM EST
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Navigator Holdings Ltd. Enters into Long Term Charter for Midsize Newbuilding

LONDON, November 11, 2015 /PRNewswire/ --

Navigator Holdings Ltd. ("Navigator") (NYSE: NVGS) today announces that it has entered into a long term charter for a midsize gas carrier. The company will enter into a building contract for the construction of this fully-refrigerated LPG vessel at Hyundai Mipo Shipyard in South Korea for delivery in August 2017. Our second midsize ethane carrier will front-run the contract until delivery of the newbuild.

Forward Looking Statements 

Statements included in this press release concerning plans and objectives of Navigator's ("we,"or "our") management for future operations or economic performance, or assumptions related thereto, contain forward-looking statements. In addition, we and our representatives may from time to time make other oral or written statements that are also forward-looking statements. Such statements include, in particular, statements about our plans, strategies, business prospects, changes and trends in our business and the markets in which we operate as described in this press release. In some cases, you can identify the forward-looking statements by the use of words such as "may," "could," "should," "would," "expect," "plan," "anticipate," "intend," "forecast," "believe," "estimate," "predict," "propose," "potential," "continue," or the negative of these terms or other comparable terminology. These risks and uncertainties include, but are not limited to:

  • future operating or financial results;
  • pending acquisitions, business strategy and expected capital spending;
  • operating expenses, availability of crew, number of off-hire days, drydocking requirements and insurance costs;
  • general market conditions and shipping market trends, including charter rates and factors affecting supply and demand;
  • our financial condition and liquidity, including our ability to obtain additional financing in the future to fund capital expenditures, acquisitions and other corporate activities;
  • estimated future capital expenditures needed to preserve our capital base;
  • our expectations about the receipt of our nine newbuildings and the timing of the receipt thereof;
  • our expectations about the availability of vessels to purchase, the time that it may take to construct new vessels, or the useful lives of our vessels;
  • our continued ability to enter into long-term, fixed-rate time charters with our customers;
  • changes in governmental rules and regulations or actions taken by regulatory authorities;
  • potential liability from future litigation;
  • our expectations relating to the payment of dividends; and
  • other factors discussed in Navigator's filings with the U.S. Securities and Exchange Commission.

We expressly disclaim any obligation to update or revise any of these forward-looking statements, whether because of future events, new information, a change in our views or expectations, or otherwise. We make no prediction or statement about the performance of our common stock.

Navigator Holdings 

Navigator Gas is the owner and operator of the world's largest fleet of handysize liquefied gas carriers and provides international and regional seaborne transportation services of liquefied petroleum gas, petrochemical gases and ammonia for energy companies, industrial users and commodity traders.  Navigator's fleet consists of 38 semi- or fully-refrigerated liquefied gas carriers, including nine newbuildings scheduled for delivery by August 2017. 

Navigator Holdings Ltd
Attention: Investor Relations department
New York: 399 Park Avenue, 38th Floor, New York, NY 10022.   Tel: +1(212)355-5893
London: 21 Palmer Street, London, SW1H 0AD.    Tel: +44(0)20-7340-4850

SOURCE Navigator Gas

Source: PR Newswire (November 11, 2015 - 8:30 AM EST)

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