Navigator Gas orders up to four liquid ethylene gas carriers

The two firmed newbuild vessels are scheduled to be delivered to the company in March 2027 and July 2027, respectively, at an average price of $102.9m per vessel. 

The vessels will be able to carry a wide variety of gas products, ranging from the most complex petrochemical gases, such as ethylene and ethane, to LPG and clean ammonia. The newbuilds will be fitted with dual-fuel engines for ethane, a low-carbon intensity transitional fuel, and made retrofit-ready for using ammonia as a fuel in the near future.

The ships will be capable of transiting through both the former and the new Panama Canal locks, providing enhanced flexibility.

Navigator has also agreed an option for an additional two newbuilding vessels of the same specification and price as the newbuild vessels, with expected delivery in November 2027 and January 2028, respectively, if the option is exercised.

“Building these vessels strengthens the link between our ethylene export terminal at Morgan’s Point and our global customers. They enable us to maintain a safe, efficient, and reliable ethylene transportation capability that is both competitive and future-ready, using assets adapted to the low carbon fuel landscape,” said Mads Peter Zacho, CEO of Navigator.