N8CT Inc. Secures $54.3M Loan Facility For Two 25,000 DWT Stainless Steel Chemical Tankers

By Finance

Navig8 Chemical Tankers Inc.(N-OTC: CHEMS), an international shipping company focused on the transportation of chemicals, yesterday announced that it has entered into a $54.3 million secured loan facility, which finances the last two of the Company’s 25,000 dwt stainless steel chemical tanker newbuildings currently under construction at Japan’s Kitanihon shipyard.

N8CT Inc. Secures $54.3M Loan Facility For Two 25,000 DWT Stainless Steel Chemical Tankers

The loan facility covers approximately 65% of the contract price of the Vessels, and has been provided by a European bank.

Source: N8CT