Newbuild LR1 Joins Navig8 Product Tankers’ Fleet

Image Courtesy: Navig8 PT

Shipping company Navig8 Product Tankers has taken delivery of the 74,000 dwt LR1 tanker Navig8 Providence from South Korean shipbuilder SPP Shipbuilding.

The Navig8 Providence is the second of four vessels contracted at SPP to be delivered to the company and is the second vessel to be delivered under the sale and leaseback agreements entered into with CMB Financial Leasing in March 2016.

Following delivery of the Navig8 Providence to CMBFL under the terms of the assigned shipbuilding contract, the tanker was then delivered back to the company under bareboat charter.

Navig8 Providence will be entered into and operated in Navig8 Group’s LR8 commercial pool.

The company has so far taken delivery of ten LR1 and ten LR2 product tanker newbuildings. Its remaining newbuilding fleet is expected to join the company by the end of 2016.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jul 2017 >>
MTWTFSS
26 27 28 29 30 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31 1 2 3 4 5 6

Global Liner Shipping Asia Conference

Fight. Survive. Thrive. Respond to challenges of consolidation & disruption at the largest gathering of container shipping industry in Asia…

read more >

Bunkering Week 2017

IBC’s biennial Bunkering Week is back with its successful series of 3 co-located events: 8th Bunkering in Asia, 4th LNG Bunkering and EMTECH: Ship Emissions Technology Conference. With a proven track record of bringing together top decision makers from various industry sectors, this remains the go to event for ship owners, fuel suppliers, traders and […]

read more >

Indonesia Marine & Offshore Expo (IMOX) 2017

Indonesia Marine & Offshore Expo (IMOX) 2017, Batamis an international maritime and offshore industrial event that brings an international…

read more >

Salvage & Wreck Asia

Could your business be affected by shipwreck? Are you a salvage professional or a wreck removal expert? …

read more >