Jiangnan LPGC options lapse
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.