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Navig8 in for aframax series at New Times

Navig8 in for aframax series at New Times

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China’s New Times shipyard has bagged a big deal ahead of the Lunar New Year with brokers confirming Navig8 has come in for a series of aframaxes. The long telegraphed deal has now been fixed with Navig8 ordering four firm 115,000 dwt tankers with two plus two as options. Each ship is costing $42m and the firm ships are set to deliver next year. The yard however failed to confirm the deal when contacted by Splash today.

In Navig8’s diverse fleet there are a total of 20 aframaxes trading at present. Navig8’s ship orders in the past year have tended to focus on the chemical and product sectors – this is the first crude tanker order for more than a year.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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