Navig8 Chemical orders four chemships at STX

Navig8 Chemical Tankers has ordered four 49,000-dwt IMO II chemical tankers from STX Offshore & Shipbuilding in South Korea.

Six optional vessels are attached to the contract, but no price for the order was disclosed.

The firm vessels are expected to be delivered by mid-2017 and will be deployed in the Chronos8 pool, which is managed by the Navig8 Group.

The chemships will be built to the same fuel-efficient design and technical specifications as the company’s existing orders with STX. The ships’ cargo tanks will be coated with Interline epoxy phenolic coating, enabling them to carry methanol as well as chemicals and products.

“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,” Nicolas Busch, president and CEO of Navig8 Chemical Tankers, said in a statement.

Navig8 Chemical has two 51,000-dwt chemical/product tankers on order at STX for delivery in 2017. At Hyundai Mipo, the owner has eleven 37,300-dwt chemships under construction for delivery this year and next.

Navig8 Adamite and Navig8 Aragonite (both 37,300 dwt) were delivered from Hyundai Mipo on September 24 and October 16 respectively, and have both joined the Delta8 pool.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.
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