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.