US investment bank Jefferies is backing Navigator Holdings to benefit from rising domestic ethylene and propane exports.
After hosting several virtual meetings with the US-listed company's management, analysts Randy Giveans, Christopher Robertson and Chadd Tribo said shipments will increase as the US Gulf Coast recovers from Hurricane Laura.
There will also be bigger demand from the upcoming Repauno and Pembina export terminals and minimal handysize LPG carrier fleet growth in the coming years.
