Navigator Holdings to Divest Eight Gas Carriers and Unigas Stake for $183 Million

Apr 15, 2026 06:46 UTC

NVGS

Short term

Navigator Holdings has entered a non-binding agreement to sell a portion of its fleet and a joint venture interest. The transaction involves buyers Bernhard Schulte and Sloman Neptun.

Non-binding LOI signed for asset sale
Eight gas carriers included in the transaction
Sale of stake in Unigas joint venture
Total transaction value estimated at $183 million
Buyers identified as Bernhard Schulte and Sloman Neptun

Navigator Holdings (NVGS) has announced the signing of a non-binding letter of intent to sell eight of its gas carriers. This strategic move is intended to streamline the company's asset portfolio and optimize its operational focus. As part of the agreement, Navigator will also sell its stake in the Unigas joint venture. Unigas currently serves as the commercial manager for the vessels involved in the sale, ensuring a transition of management alongside the ownership transfer. The total consideration for the eight vessels and the joint venture interest is estimated to be approximately $183 million. The identified buyers for these assets are Bernhard Schulte and Sloman Neptun. While the letter of intent is non-binding, the successful completion of the sale would provide Navigator Holdings with a significant cash infusion. Market analysts view such divestments as a means for shipping firms to manage liquidity or pivot toward more modern or efficient fleet compositions.