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Navig8 takes delivery of its fourth newbuilding product tanker

Navig8 Product Tankers Inc., an international shipping company focused on the transportation of petroleum products, announced that it has taken delivery of the Navig8 Guide, a 113,000 DWT LR2 tanker from Guangzhou Shipyard International Company Limited ("GSI"), formerly CSSC Offshore & Marine Engineering (Group) Company Limited.

The Navig8 Guide is the fourth of eight vessels contracted at GSI to be delivered to the Company and is the fourth vessel to be delivered under the sale and leaseback agreements entered into with CSSC (Hong Kong) Shipping Company Limited ("CSSC") announced on June 25, 2015. Following delivery from GSI, the Navig8 Guide was delivered to CSSC under the terms of the Sale MOA and then delivered back to the Company under bareboat charter.

The Navig8 Guide will be entered into and operated in Navig8 Group's Alpha8 commercial pool.


Source: Navig8 Product Tankers


October 2016
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