04:04 AM EDT, 08/23/2024 (MT Newswires) -- Navigator Holdings ( NVGS ) said Friday it has signed contracts with Jiangnan Shipyard and China Shipbuilding Trading to build two 48,500 cubic-meter liquefied ethylene gas carriers.

The vessels are set for delivery in March and July of 2027, costing an average $102.9 million each.

Additionally, Navigator said it has also agreed an option with the Chinese companies for an additional two vessels, with delivery anticipated in November 2027 and January 2028, respectively, if the option is exercised.