Navig8 has moved to increase the scope of Pool services offered, entering into an agreement involving 4 x LR1 Newbuildings from Sungdong Shipyard to join the existing LR1, Navig8 Honor (built 2011).
With the addition of the new LR1 Pool, Navig8 now operates 10 Pools out of offices in Singapore/London/New York/Dubai/Seoul/Shanghai/Athens managing a fleet of 64 Chemical Tankers, 87 tankers and 6 Supramax Bulk carriers.
Ugo Romano, Navig8 Pool director says “We are pleased to continue the rapid expansion in our managed fleet to encompass the LR1 segment. Navios have rapidly become a major force in the Product Tanker space and this extension of our relationship with them is an exciting new development for Navig8.
Our vision to operate pools in all tanker segments is nearly complete and discussions continue regarding the possibility of a Suezmax Pool. We believe, in these turbulent market conditions offering the services in the full spectrum of tanker markets enhances our client/customer relationships significantly and we hope to continue our recent growth in the managed fleet.”
Source: Navig8, July 16, 2012