Navig8 orders six chemical tankers

Singapore: Navig8 Chemical Tankers, a jv between Navig8 Group and Oaktree Capital Management, has ordered six 25,000 dwt chemical tanker at Japanese shipyard, Kitanihon Shipbuilding.

The tankers are 150m in length, 25m in breadth and 15.3m in depth, and due for delivery in 2016 and 2017.

“The company has identified an opportunity in current historic low prices for modern design ships with favourable fuel economics, a relatively modest orderbook and a positive outlook in the sector,” said Atle Sebjornsen, managing director of Navig8 Chemical Tankers. [29/01/14]

 

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