Odfjell grows chemical tanker pool to 19 with addition of Navig8 quartet

Odfjell grows chemical tanker pool to 19 with addition of Navig8 quartet

Norway’s Odfjell and Navig8 Chemical Tankers (N8CTI) have reached an agreement that will see Navig8 add four stainless steel chemical tankers into Odfjell’s Chempool25.

The agreement sees the Odfjell pool grow to 19 vessels made up of 10 Odfjell vessels, five vessels from Chemical Transportation Group and the four new additions from Navig8. Odfjell will operate all of the vessels in the pool.

Kristian Mørch, CEO of Odfjell, commented: “We are pleased to welcome N8CTI as a partner. N8CTI brings first-class vessels to the pool, and we look forward to the cooperation and to further develop our pool partnerships. With this expansion, Odfjell will operate one of the largest fleets of modern 25,000 dwt stainless steel chemical tankers in the world. This is another step in consolidating the chemical tanker industry, and it enables us to offer unparalleled flexibility and service to our customers.”

The Navig8 vessels are expected to enter the pool in the first quarter of 2020.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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