Navigator Gas Announces Completion of Morgan's Point Ethylene Export Terminal Expansion and Acquisition of Three Handysize Liquefied Ethylene Gas Carriers
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Navigator Holdings Ltd. (NYSE: NVGS) has completed the expansion of its ethylene export terminal joint venture with Enterprise Products Partners L.P. at Morgan's Point, Houston. Additionally, Navigator Gas has agreed to acquire three handysize ethylene carriers for $83.9 million, enhancing its export capacity.
January 07, 2025 | 1:15 pm
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Navigator Holdings Ltd. has completed the expansion of its ethylene export terminal and acquired three new ethylene carriers, which is likely to enhance its export capacity and operational scale.
The completion of the export terminal expansion and acquisition of additional carriers directly increases Navigator Gas's capacity and operational capabilities. This is likely to positively impact NVGS's stock price as it enhances the company's growth potential and market position.
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