WL Ross buys major stake in gas tanker company

· Monday, August 13, 2012

The private equity firm agreed to purchase 4.4 million common shares of Navigator Holdings Ltd. from the bankrupt Lehman Brothers Inc. (LBI) for $110 million, more than doubling its holdings in the gas tanker company.

Chris Dupin

Chris Dupin has written about trade and transportation and other business subjects for a variety of publications before joining American Shipper and Freightwaves.