Navigator Holdings Ltd Announces the First Carbon-Neutral Handysize LPG Voyage
January 19, 2021 at 12:14 pm EST
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Navigator Holdings Ltd. announced the first carbon-neutral Handysize LPG voyage. Navigator Capricorn, a 20,550cbm semi-refrigerated gas carrier, loaded LPG for U.S. midstream company Sunoco Partners Marketing & Terminal L.P. on 18th January 2020. The voyage commenced at the Marcus Hook export terminal located in Pennsylvania, U.S., and is set to transport cargo safely, reliably and efficiently across the Atlantic to Morocco. In collaboration with the Norwegian climate and technology company CHOOOSE, Navigator has committed to offset 1,068 metric tonnes of CO2 by supporting a UN-verified renewable energy project. The IslaSol Island Solar Power project in the Philippines is intended to bring daytime power to approximately 200,000 homes throughout the year, whilst focusing on reducing emissions in the region. In addition to industry-led technological and regulatory developments in reducing its carbon footprint, Navigator Gas looks forward to further harnessing the potential of similar projects in the future to provide carbon offsetting to its customers in an effort to abate the current carbon emissions associated with day-to-day shipping activities, whilst future solutions are developed and deployed.
Navigator Holdings Ltd. is a United Kingdom-based owner and operator of liquefied gas carriers. The Company provides international and regional seaborne transportation services of petrochemical gases, liquefied petroleum gas (LPG) and ammonia for energy companies, industrial users, and commodity traders. The Company also owns a 50% share in an ethylene export marine terminal at Morganâs Point, Texas on the Houston Ship Channel, United States. The Company owns and operates 56 gas carriers each having a cargo capacity of between 3,770 cubic meter (cbm) and 38,000 cbm, of which 25 were ethylene and ethane-capable vessels. These gases are transported in liquefied form, by applying cooling and/or pressure, to reduce volume by up to 900 times depending on the cargo, making their transportation more efficient and economical. Its services include Maritime Logistics, Ship Shore Infrastructure and Consultancy, New Trends.