Navig8 Acquires Chemical Tanker from STX

Navig8 Chemical Tankers Inc (the “Company”) (N-OTC: CHEMS), an international shipping company focused on the transportation of chemicals, today announced that it has taken delivery of the Navig8 Topaz, a 49,000 DWT IMO2 Interline-coated chemical tanker, from STX Offshore & Shipbuilding Co., Ltd. (“STX”).

The Navig8 Topaz is the second STX vessel to be delivered under the sale and leaseback arrangements entered into with Ocean Yield ASA (“Ocean Yield”) announced on April 1, 2015.

Following delivery from STX, the Navig8 Topaz was delivered to Ocean Yield under the terms of the Sale MOA and then delivered back to the Company under bareboat charter.

The Navig8 Topaz will be entered into and operated in Navig8 Group’s Chronos8 commercial pool.