New York-listed Navigator Holdings plunged deeper into the red in the first quarter, taking a loss on its export terminal.

On Thursday, the Harry Deans-led owner of LPG carriers disclosed an $8.5m loss, deeper than the $3.2m loss reported for the corresponding three months last year.

The $0.14-per-share loss was well below the $0.04 profit expected by a consensus of Wall Street analysts.