Navigator Gas Announces Signing of $121.8 Million Financing for Two Newbuild Ammonia Carriers in Navigator Amon Joint Venture
Navigator Holdings Ltd., the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, is pleased to announce that on July 31, 2026, subsidiaries of Navigator Amon Shipping AS, our joint venture with Amon Maritime, (the “Borrowers”), entered into a senior secured post-delivery term loan (the “Facility Agreement”) with ING Bank N.V., ...
On July 31, 2026, two subsidiaries of Navigator Amon Shipping AS, a joint venture between Navigator Holdings Ltd. and Amon Maritime, signed a senior secured post-delivery term loan agreement with ING Bank N.V., Société Générale, and Oversea-Chinese Banking Corporation Limited. This Facility Agreement, valued at $121.8 million, will finance the construction of two newbuild ammonia-fueled liquefied ammonia carriers, currently under construction in China.
These vessels, capable of carrying both liquefied petroleum gas (LPG) and ammonia, have delivery dates of May 2028 and September 2028, respectively. The Lenders agree to provide up to 70% of the vessels' costs upon delivery. The Facility Agreement, which has a six-year post-delivery term, is secured by mortgages on the vessels and carries an interest rate of SOFR plus 1.35%, payable quarterly.
Navigator Amon Shipping AS and its parent company, Navigator Holdings Ltd., have guaranteed the Borrowers' obligations under the Facility Agreement. This financing marks a significant step in Navigator's ammonia growth strategy, offering a competitively attractive funding option, which supports disciplined capital allocation and preserves balance sheet flexibility as the company advances the construction of these next-generation vessels.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.