Navigator takes over Ultragas

Fresh from taking a 39.1% stake in Navigator Holdings in December, Andreas Sohmen-Pao, increasingly seen as shipping’s consolidator-in-chief, has helped push through a merger with Chile’s Ultragas, creating a fleet with a commanding position in the handysize liquefied gas sector. Navigator today announced the signing of a non-binding letter of intent with Ultranav to merge …

splash247