Navigator Sells 8 Gas Carriers in $183M Unigas Pool Exit

The deal with Bernhard Schulte and Sloman Neptun will streamline Navigator's fleet.

Apr. 15, 2026 at 8:41am

Got story updates? Submit your updates here. ›

A highly detailed, photorealistic studio photograph of a polished, chrome-plated ship's propeller resting on a clean, white background, symbolizing the complex financial and operational decisions behind Navigator's fleet optimization.Navigator's strategic $183 million sale of gas carriers and Unigas pool stake aims to streamline the shipping company's operations.NYC Today

Navigator Holdings, a New York-listed shipping company, has signed a non-binding letter of intent to sell eight gas carriers and its stake in the Unigas pool in a deal worth approximately $183 million. The buyer group includes Bernhard Schulte (Singapore) and Germany's Sloman Neptun, both existing partners in the Unigas pool.

Why it matters

This sale will allow Navigator to streamline its fleet and focus on its core business. The Unigas pool is a joint venture that Navigator has been a part of, and this exit will simplify the company's operations and financial structure.

The details

Under the terms of the deal, Navigator will sell eight of its gas carriers and its entire stake in the Unigas pool to the buyer group, which includes Bernhard Schulte (Singapore) and Germany's Sloman Neptun. The total value of the transaction is approximately $183 million.

  • The non-binding letter of intent was signed on April 15, 2026.

The players

Navigator Holdings

A New York-listed shipping company that has decided to streamline its fleet and exit the Unigas pool.

Bernhard Schulte (Singapore)

One of the buyers in the deal, an existing partner in the Unigas pool.

Sloman Neptun

One of the buyers in the deal, an existing partner in the Unigas pool.

Unigas pool

A joint venture that Navigator Holdings has been a part of and is now exiting as part of this $183 million transaction.

Got photos? Submit your photos here. ›

The takeaway

This sale will allow Navigator to streamline its operations and focus on its core business, while simplifying its financial structure by exiting the Unigas pool joint venture.