Navig8 buys four 49,000 dwt chemical tankers

Navig8 said it has also secured options to purchase an additional six sister vessels from the shipbuilder. Financial details of the deal were not disclosed.

The four new chemical tankers are expected to be delivered by mid-2017 for deployment in the Chronos8 pool managed by the Navig8 Group.

“We are very pleased to add these modern eco-design vessels to our current newbuilding fleet,” said Nicolas Busch, president and ceo of Navig8.

“Our best-in-class chemical tanker fleet of 36 large, fuel-efficient vessels is designed to benefit from the continuing shift to long-haul chemical trades driven by significant investment in US and Middle East chemical export projects.”

The interline-coated ships will be built to the same specifications as the company’s pre-existing orders with STX, including the capability to transport methanol and other specialty cargoes.