Navig8 Chemical Secures Funds for Stainless Steel Duo

Illustration; Image Courtesy: Navig8 Chemical Tankers

Chemical shipping company Navig8 Chemical Tankers has secured financing for its remaining two 25,000 dwt stainless steel chemical tanker newbuildings.

Namely, the company entered into a USD 54.3 million secured loan facility to finance the two vessels, which are currently under construction at Japan’s Kitanihon Shipbuilding.

Navig8 Chemical Tankers said that the loan facility covers approximately 65% of the contract price of the vessels, and has been provided by a European bank.

The company did not disclose any further details on the financing.

According to data provided by VesselsValue, the new tankers, named Navig8 Saiph and Navig8 Sceptrum, are scheduled for delivery to their owner in February and April 2017, respectively.

Featuring a length of 159 meters and a width of 25 meters, each of the ships has a capacity of 30,020 cubic meters.

In late October, Navig8 Chemical Tankers took delivery of the fourth of six 25,000 dwt stainless steel chemical tankers contracted at Kitanihon Shipbuilding.

Following delivery, Navig8 Stellar joined Japan-based financial services company SBI Holdings and was delivered back to the company under bareboat charter.

The tanker subsequently started operating in Navig8 Group’s Stainless8 commercial pool.

Share this article

Follow World Maritime News

In Depth>

Events>

<< May 2018 >>
MTWTFSS
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

The 27th World Gas Conference

The 27th World Gas Conference is the leading global industry event and is the definitive gathering of influential leaders, buyers and sellers, policy-makers and experts from around the world.

You will hear critical business insights and lively debates on the most topical issues facing the global gas industry today and in the future.

From 25-29 June 2018, Washington DC is expected to host 12,000 attendees, 500 speakers and 350 exhibitors representing, more than 600 companies from 100 countries.

Presented by the IGU, this is the largest and most high-profile gas event that is conducted by the industry for the industry.

Read More

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

BlueWeek2018

The BlueWeek2018 will be held on 28-29-30 May in Rotterdam, under the auspices of the Blue Forum…

read more >

Posidonia 2018

Posidonia, the international shipping exhibition, has long been established as one of the major calendar events…

read more >