Navig8 Receives 8th Interline-Coated Tanker

Navig8 Chemical Tankers Inc. today announced that it has taken delivery of the Navig8 Tanzanite, a 49,000 DWT IMO2 Interline-coated chemical tanker, from STX Offshore & Shipbuilding Co., Ltd. (“STX”), the final 49,000 DWT IMO2 Interline-Coated vessel from the Company’s newbuilding program.

The Navig8 Tanzanite is also the eighth and final 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 Tanzanite was delivered to Ocean Yield under the terms of the sale MOA and then delivered back to the Company under bareboat charter.

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