Navig8 Chemical Tankers Inc., an international shipping company focused on the transportation of chemicals, announced on Oct 21 that it has entered into contracts to purchase four 49,000 dwt IMO2 eco-design, Interline-coated chemical tankers to be built at STX Offshore & Shipbuilding Co., Ltd. in Korea (“STX”). The Company also announced that it has secured options to purchase six additional sister vessels from STX.

Navig8 Chemical Tankers Inc announces purchase of four 49,000 dwt IMO2 chemical tankers

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"We are very pleased to add these modern eco-design vessels to our current newbuilding fleet,” said Nicolas Busch, President and Chief Executive Officer of Navig8 Chemical Tankers. “Our best-in-class chemical tanker fleet of 36 large, fuel-efficient vessels is designed to benefit from the continuing shift to long-haul chemical trades driven by significant investment in U.S. and Middle East chemical export projects.”

The vessels will be built to the same technical specifications as the Company’s pre-existing orders with STX, including the capability to transport methanol and other specialty cargoes. The four new vessels are expected to be delivered by mid-2017 and then deployed in the Chronos8 pool managed by the Navig8 Group.