Navig8 Chemical Adds Another Stainless Steel Tanker

Shipping company Navig8 Chemical Tankers had taken delivery of a 25,000 dwt stainless steel chemical tanker, Navig8 Sceptrum.

Featuring a length of 159 meters and a width of 25 meters, the vessel was constructed by the Japanese shipbuilder Kitanihon Zosen.

The Navig8 Sceptrum is the sixth of six vessels contracted at Kitanihon to be delivered to the company and is the second of two vessels to be part financed under the secured loan facility with UniCredit Bank AG announced on November 3, 2016.

Namely, the company entered into a USD 54.3 million secured loan facility to finance the two vessels. The loan facility covers approximately 65% of the contract price of the vessels, and has been provided by a European bank.

The 16,000 gross ton Navig8 Sceptrum will be entered into and operated in Navig8 Group’s Stainless8 commercial pool.

Navig8 Saiph, the first vessel delivered under the secured loan facility, joined the company’s fleet in January this year.