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Navig8 Chemical Tankers secures $54.3m loan for newbuild pair

Photo of Jason Jiang Jason JiangNovember 4, 2016
3 Less than a minute

Navig8 Chemical Tankers has entered into a $54.3m secured loan facility, to finance the last two of the company’s 25,000dwt  chemical tanker newbuildings currently under construction at Japan’s Kitanihon shipyard.

The loan facility covers approximately 65% of the contract price of the vessels, and has been provided by a European bank.

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

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Photo of Jason Jiang Jason JiangNovember 4, 2016
3 Less than a minute
Photo of Jason Jiang

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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