Navigator Holdings Ltd (NVGS) Q4 2019 Earnings Call Transcript

Navigator Holdings Ltd (NVGS) Q4 2019 Earnings Call Transcript

Navigator Holdings Ltd ( NYSE:NVGS ) Q4 2019 Earnings Call Apr 3, 2020 , 9:00 a.m. ET. I have with us Mr. David Butters, Executive Chairman; Mr. Harry Deans, Chief Executive Officer; Mr. Niall Nolan, Chief Financial Officer; Mr. Oeyvind Lindeman, Chief Commercial Officer.. [Operator Instructions] I must advise you that this conference is being recorded today, Friday, 3rd of April 2020.. We have increased the level of support and advice for all our employees to protect their overall well-being and mental health, while providing increased internet access and capacity to allow crew members to keep in contact with their loved ones.. With the first cargo of ethylene leaving on the Navigator Europa, sailed for China on the 8th of January.. We expect the time to be operational by the end of November this year.. The terminal will have a limited throughput until these contracts are effective.. Revenue for the fourth quarter was $76.1 million, an increase of $0.5 million from the $75.6 million generated during last quarter Q3 2019, but down 2.8% or $2.2 million from the fourth quarter of 2018.. Utilization increased significantly from 86.3% a year ago to 92.7% during the fourth quarter, generating $4.3 million of