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Navig8 Chemical Tankers gets $55m loan for newbuildings

Photo of Holly Birkett Holly BirkettJune 22, 2016
6 Less than a minute

Navig8 Chemical Tankers has received a $55m secured loan from Credit Suisse that will help finance two of its chemical tanker newbuildings.

The loan facility covers approximately 65% of the contract price of the two 25,000-dwt vessels, which are under construction at Japan’s Kitanihon shipyard.

The chemships were part of six ordered in 2014; delivery is expected in 2017.

 

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Photo of Holly Birkett Holly BirkettJune 22, 2016
6 Less than a minute
Photo of Holly Birkett

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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