Is Scheduled To Drydock Ten Vessels During 2020

Navigator Holdings

02/04/2020 21:59

Navigator Holdings Ltd  NVGS.N :
    * . PRELIMINARY FOURTH QUARTER AND FINANCIAL YEAR 2019
RESULTS
    * Q4 LOSS PER SHARE $0.05
    * Q4 REVENUE $76.1 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$63.2
MILLION
    * Q4 EARNINGS PER SHARE ESTIMATE $0.01 -- REFINITIV IBES
DATA
    * NAVIGATOR HOLDINGS - HAS NOT EXPERIENCED ANY SIGNIFICANT
DECREASE IN CHARTER RATES THUS FAR AS A RESULT OF COVID-19
PANDEMIC
    * COVID-19 PANDEMIC HAS CAUSED UNPRECEDENTED PRICE
VOLATILITY OF
UNDERLYING COMMODITIES CO TRANSPORTS
    * CUSTOMERS ARE BEING MORE CAUTIOUS WITH INVENTORY
MANAGEMENT AND
CONSUMPTION
    * HAVE NOT THUS FAR RECEIVED ANY REQUESTS FOR CANCELLATION
OF
CHARTERS OR REDUCTION IN COMMITTED CHARTER RATES
    * OPERATION OF CO'S VESSELS ALSO CONTINUES WITHOUT ANY
CURRENT
MAJOR DISRUPTIONS
    * CO, TWO THIRD-PARTY TECHNICAL MANAGERS HAVE TEMPORARILY
SUSPENDED ALL CREW CHANGES, UNTIL IT IS SAFE AND FEASIBLE TO DO
SO
    * IS SCHEDULED TO DRYDOCK TEN VESSELS DURING 2020
    * HAS NO DEBT FACILITIES MATURING DURING 2020 AND HAS ONLY
ONE
DEBT INSTRUMENT MATURING IN 2021

Source text for Eikon:  ID:nPn2W96tda 
Further company coverage:  NVGS.N