Odfjell SE announces today that the company has reached an agreement with Navig8 Chemical Tankers Inc (N8CTI, a N-OTC registered company), where the latter will add 4 modern 25,000 dwt stainless steel chemical tankers to Odfjellâ€™s existing pool, the Chempool25.
Following the delivery of the vessels, the pool will total 19 vessels with Odfjell contributing with ten vessels, CTG five vessels and N8CTI four vessels. Odfjell will continue to be the operator of all vessels in the pool.
â€œWe are pleased to welcome N8CTI as a partner. N8CTI brings first-class vessels to the pool, and we look forward to the cooperation and to further develop our pool partnerships. With this expansion, Odfjell will operate one of the largest fleets of modern 25,000 dwt stainless steel chemical tankers in the world. This is another step in consolidating the chemical tanker industry, and it enables us to offer unparalleled flexibility and service to our customers,â€ said Kristian MÃ¸rch, CEO of Odfjell SE. Â
The four vessels are expected to enter the pool during 1Q2020. The Chempool25 fleet operates as part of Odfjellâ€™s total commercial fleet of around 80 advanced chemical tankers, trading around the world.