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Jiangnan LPGC options lapse

Date:2013/3/27/ 16:25


China's Jiangnan Shipyard saw newbuilding options for Navigator Gas having been lapsed, unexercised.

The Wilbur Ross-controlled shipowner confirmed that it has not exercised a pair of LPG-carrier options at Jiangnan.

An official from the LPG carrier owner said the company could resurrect the order for additional two newbuildings at the Chinese shipyard, possibly within a few months.

Meanwhile, Navigator placed an order for 4+2 21,000-cbm LPG carriers at Jiangnan shipyard in April, 2012, valued at $50m apiece.

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