Navig8 Chemical Tankers Adds 4 Ships to Odfjell Pool
- Business & Finance
Norwegian tanker owner and operator Odfjell SE has reached an agreement with the UK-based Navig8 Chemical Tankers (N8CTI), where the latter will add four 25,000 dwt stainless steel chemical tankers to Odfjell’s existing pool, the Chempool25.
Following the delivery of the tankers, the pool will total nineteen vessels with Odfjell contributing with ten, CTG with five and N8CTI with four ships.
Odfjell will continue to be the operator of all vessels in the pool.
“We 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,” Kristian Mørch, CEO of Odfjell SE.
“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,” he added.
As informed, the ship quartet is expected to enter the pool during the first quarter of 2020.
The Chempool25 fleet operates as part of Odfjell’s total commercial fleet of around 80 chemical tankers, trading around the world.