Navig8 Acquires Second Tanker from SPP
Navig8 Product Tankers Inc. today announced that it has taken delivery of the Navig8 Providence, a 74,000 DWT LR1 tanker from SPP Shipbuilding Co., Ltd. (“SPP”). The Navig8 Providence is the second of four vessels contracted at SPP to be delivered to the Company and is the second vessel to be delivered under the sale and leaseback agreements entered into with CMB Financial Leasing Co., Ltd (“CMBFL”) announced on March 17, 2016.
Navig8 Acquires Product Tanker
Navig8 Product Tankers Inc., an international shipping company focused on the transportation of petroleum products, today announced that it has taken delivery of the Navig8 Experience, a 74,000 DWT LR1 tanker from STX Offshore & Shipbuilding Co., Ltd. The Navig8 Experience will operate in Navig8 Group’s LR8 commercial pool. Thus far the Company has taken delivery of five LR1 and four LR2 product tanker newbuildings and anticipates that its entire newbuilding fleet will be delivered by the end of 2016.
