Navig8 Gauntlet Joins Alpha8 Pool

Petroleum products shipping specialist Navig8 Product Tankers has taken delivery of the Navig8 Gauntlet, a 113,000 DWT LR2 tanker from China’s Guangzhou Shipyard International Company Limited (GSI).

The Navig8 Gauntlet is the sixth of eight vessels contracted at GSI to be delivered to the company and is the sixth vessel to be delivered under the sale and leaseback agreements entered into with CSSC (Hong Kong) Shipping Company Limited (CSSC) in June 2015.

Following the delivery from GSI, the Navig8 Gauntlet was delivered to CSSC and then delivered back to the company under bareboat charter.

The Navig8 Gauntlet will be entered into and operated in Navig8 Group’s Alpha8 commercial pool.

Navig8 Product Tankers has taken delivery of twelve LR1 and thirteen LR2 product tanker newbuildings to date and anticipates delivery of its full 27 eco-design product tanker newbuilding fleet during the first quarter of 2017.

The company’s fleet is contracted to operate in various product tanker pools managed by the Navig8 Group.

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