After a detailed search, the Board has agreed to appoint Mads Peter Zacho as Chief Executive Officer of the Navigator Gas Group with effect from September 1, 2022, to be based in Denmark.

Mads has considerable industry experience and has worked in shipping for almost 20 years, lately as Head of Industry Transition at the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping. Mads has held a variety of roles in shipping companies,

including CEO for J. Lauritzen A/S, CFO of TORM plc and CFO for Svitzer. Mads spent the first 10 years of his career in the financial industry in the United States and Denmark and his experience spans gas tankers, dry bulk, product tankers and containers.

We have no doubt that Mads’ experience and skills put him in a strong position to lead us through the company’s next exciting period of growth.

Mads wanted to share the following message to all members of Navigator:


“Dear Colleagues,

I am absolutely delighted to join you and Navigator! I cannot wait to meet you all in person, to listen to you and discuss how we can develop our organization and our business.

The world is changing fast and this will bring us exciting opportunities. Navigator has a fantastic brand, an excellent market position, the right customer relationships, an industry with great potential, financial strength, a large modern fleet and a strong reputation.

We have all the right building blocks for continued success in our market and can lead our industry to a truly sustainable tomorrow. I really look forward to joining this exciting journey with you.”

Please join us in welcoming Mads to Navigator when he starts in September.

On behalf of the Navigator Board, we would also like to take this opportunity to thank the executive management team, made up of Michael Schröder, Niall Nolan and Oeyvind Lindemann, for leading Navigator as a strong and high-performance team since October 2021.

Their support in filling the role of CEO and efficiently integrating the business and operations of Ultragas with those of Navigator has been invaluable to the company.

Finally, and most importantly, thank you to everyone in our team of 2,150 colleagues on board our 53 ships and in our offices in Manila, Gdynia, London, Copenhagen, Houston and Latvia for your continuous efforts and commitment to make Navigator a better and stronger company.

Mads Peter Zacho is new CEO of Navigator Gas Group as of September 2022. Mads comes with considerable industry and corporate experience, most recently as Head of INdustry Transition at Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping.


Meet the Management Team and the Advisory Board.

Cargoes & Services

Read more about our cargoes & services.

LGP & Petchem Gases

Navigator Gas operates a fleet of ethylene and semi-refrigerated gas carriers, with sizes ranging from 3,500 cbm to 35,000 cbm capacity.

Dry bulk

Through its subsidiaries Ultrabulk and Horizon, Ultranav serves a wide range of dry bulk segments. The fleet transports numerous types of dry cargo.

Coastal trades

Ultranav has many years of extensive knowledge operating in the coastal areas of South America. We cover a variety of trading platforms in different segments.

Towage & offshore

Ultranav is active in both towage and offshore segments through the subsidiaries Ultratug and Wilson Sons Ultratug Offshore.

Ultra Ventures

Ultra Ventures invest in maritime related start up companies, with the focus on new technologies.


UltraSafe is a programme designed to anchor safety within our culture. Its aim is to create a safety culture which everyone trusts; resilient and strong.

Fuel efficiency

Ultranav continuously investigates and invests in different devices and technologies to optimise our vessels and practices towards more sustainable solutions.


Ultranav operates a diversified fleet including owned tonnage, chartered tonnage and joint venture/co-owned vessels in different segments, offering a full variety of shipping services.