New Scrubber-Fitted Tanker Delivered to Navig8

Business & Finance

UK-based shipping company Navig8 Group has set up Navig8 Product 2020, a new platform dedicated to scrubber-fitted tankers.

Illustration. Image Courtesy: Pixabay under CC0 Creative Commons license

The new company, which focuses on the transportation of CPP, will operate eight LR2 tankers to be fitted with scrubbers.

The first of these units, named Navig8 Pride LHJ, was handed over from Chinese shipbuilder New Times Shipbuilding to the company on August 4.

The 110,600 dwt newbuilding features a capacity of 126,249 cbm.

Navig8 Pride LHJ will be entered into and operated in Navig8 Group’s Alpha8 commercial pool.

According to data provided by VesselsValue, the company will take delivery of three more units from the batch by the end of 2018, while the remaining four would join the company’s fleet in 2019. All of these ships are set to join the Alpha8 pool.