Brief: Navigator Holdings Reports Preliminary Quarterly Loss Per Share $0.06

Navigator Holdings

13/05/2019 21:13

May 13 (Reuters) - Navigator Holdings Ltd  NVGS.N :
    * . PRELIMINARY RESULTS FOR THE THREE MONTHS ENDED MARCH 31,
2019
    * QUARTERLY REVENUE $76.1 MILLION VERSUS $77.8 MILLION
    * QUARTERLY LOSS PER SHARE $0.06
    * AT END OF 2018, PDVSA HAD SIX HANDY-SIZE VESSELS ON TIME
CHARTER, TWO OF WHICH WERE CO'S VESSELS
    * BY END Q1 OF 2019, PDVSA HAD ONLY ONE HANDY-SIZE VESSEL ON
TIME
CHARTER
    * NAVIGATOR - RELATED TO PDVSA, 5 VESSELS THAT LEFT
VENEZUELA
SOFTENED SHIPPING MARKET IN SHORT TERM, BUT MOST HAVE SINCE
FOUND ALTERNATIVE EMPLOYMENT
    * NAVIGATOR - CONCLUDED ALTERNATE SHORT-TERM TIME CHARTERS
IN U.S.
GULF-CARIBBEAN MARKET WITH VARIOUS COMMODITY TRADERS IN Q1 DUE
TO PDVSA SITUATION
    * NORTH SEA AND BALTIC LPG MARKETS HAVE REMAINED CONSISTENT
AND A
GOOD EMPLOYER OF HANDY-SIZE VESSELS

Source text for Eikon:  ID:nPn2VRf1ja 
Further company coverage:  NVGS.N 

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