Four Wah Kwong Ships to Join Navig8’s V8 Pool

Hong Kong-based ship owner and operator Wah Kwong Shipping has decided to commit four of its Aframax tanker newbuildings to Navig8 Group’s V8 Pool.

The company’s 112,000 dwt Unity Venture and Wisdom Venture, currently under construction at Japan’s shipyard Sumitomo, are expected to join the pool following delivery in February and May 2017, respectively.

These two newbuildings are in addition to the 115,000 dwt Victory Venture and Tenacity Venture, built by Chinese Shanghai Waigaoqiao Shipbuilding, due to deliver ex yard in February and April 2017, according to Navig8 Group.

With a market value in the range from USD 37.5 million to USD 40 million, the new tankers feature a length of 237 and 247 meters, respectively, and a width of 44 meters.

Including the new Aframaxes, Navig8’s pool counts a total of 20 vessels, built between 2002 and 2017, the company’s data shows.

World Maritime News Staff

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