Search results for: Navig8 Chemical Tankers

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  • 10 August 2016
    Business & Finance

    Chemical shipping company Navig8 Chemical Tankers Inc. has expanded its fleet with its newest addition, the 25,000 dwt stainless steel chemical tanker Navig8 Sky. The newbuilding was delivered from Japanese shipbuilder Kitanihon Shipbuilding Co. Ltd. Navig8 Sky is the second of six vessels contracted at Kitanihon to be delivered to the company. It is also the second and last vessel […]

  • 10 May 2016
    Business & Finance

    Navig8 Chemical Tankers, a joint venture between the Navig8 Group and Oaktree Capital Management, reported its net income for the first quarter of 2016 at USD 10.4 million against a net income of USD 9.1 million for the three months ended December 31, 2015. The shipping company, which focuses on the transportation of chemicals, accepted its first two newbuilding deliveries […]

  • 9 November 2016
    Business & Finance

    Due to a soft chemical tanker sector, the chemical shipping company Navig8 Chemical Tankers reported a drop in net income to USD 3.7 million for the three months ended September 30, 2016, compared to a net income of USD 9.6 million seen in the same quarter of 2015. The company said that the decrease in net income […]

  • 13 February 2017
    Business & Finance

    UK-based shipping company Navig8 Chemical Tankers has ended the fourth quarter of 2016 with a net loss of USD 3.6 million, compared to a net profit of USD 9.1 million seen in the same period in 2015. The decrease in net income is mainly attributable to lower gross average daily time charter equivalent (TCE) rates […]

  • 15 August 2017
    Business & Finance

    Driven by lower time charter equivalent (TCE) rates, chemicals transportation company Navig8 Chemical Tankers suffered a net loss of USD 3.6 million in the second quarter of this year, compared to a net income of USD 9.6 million posted in the same period a year earlier. This is the third consecutive quarter Navig8 Chemical Tankers ended […]

  • 12 December 2018
    Business & Finance

    Navig8 Chemical Tankers signed sale and leaseback deals with AVIC International Leasing for two of its tankers.

  • 3 October 2016
    Business & Finance

    Navig8 Chemical Tankers has cancelled contracts to construct five 49,000 dwt medium range tankers at South Korean STX Offshore & Shipbuilding. The five Interline-coated tankers, which were ordered in October and December of 2015, respectively, were scheduled for delivery during 2017. Navig8 Chemical Tankers said that all pre-delivery instalments previously paid to STX with respect to the cancelled […]

  • 10 May 2017
    Business & Finance

    Although the chemical tanker market started sailing towards recovery, the chemical shipping company Navig8 Chemical Tankers ended the first quarter of 2017 with a net loss of USD 1.2 million, against a net income of USD 10.3 million seen in the same period a year earlier. Navig8 Chemical said that the decrease is mainly attributable to […]

  • 20 November 2017
    Business & Finance

    Navig8 Chemical Tankers, a joint venture between the Navig8 Group and Oaktree Capital Management, has delivered a net loss in the quarter ended September 30, mainly due to lower rates. The company’s net loss for the period was at USD 4.9 million, compared to the net income of USD 3.7 million, for the same three months of […]

  • 22 June 2016
    Business & Finance

    Navig8 Chemical Tankers, a joint venture between the Navig8 Group and Oaktree Capital Management, has entered into a USD 55 million secured loan facility to finance the company’s first of two 25,000 dwt newbuilds. The stainless steel chemical tanker newbuildings are currently under construction at Japan’s shipyard Kitanihon Shipbuilding Co. Ltd. Navig8 Chemical Tankers said that the loan […]

  • 4 August 2016
    Business & Finance

    Navig8 Chemical Tankers, a joint venture between the Navig8 Group and Oaktree Capital Management, reported its net income at USD 9.6 million, against a net income of USD 2.9 million seen in the three months ended June 30, 2015.  The increase in net income is mainly attributable to the larger size of the company’s fleet, as Navig8 Chemical […]

  • 1 February 2018
    Business & Finance

    Navig8 Chemical Tankers ended the fourth quarter of 2017 with a widened net loss.

  • 21 October 2015
    Business & Finance

    Oslo-listed chemical tanker owner and operator Navig8 Chemical Tankers has entered into contracts to purchase four 49,000 dwt IMO2 eco-design, Interline-coated chemical tankers to be built at STX Offshore & Shipbuilding in South Korea. Navig8 Chemical Tankers has also announced that it has secured options to purchase six additional sister vessels from STX. The vessels will […]

  • 15 August 2018
    Business & Finance

    Lower gross average daily TCE rates pushed Navig8 Chemical Tankers further into loss in 2Q 2018.

  • 21 October 2015
    Business & Finance

    Oslo-listed chemical tanker owner and operator Navig8 Chemical Tankers has entered into contracts to purchase four 49,000 dwt IMO2 eco-design, Interline-coated chemical tankers to be built at STX Offshore & Shipbuilding in South Korea. Navig8 Chemical Tankers has also announced that it has secured options to purchase six additional sister vessels from STX. The vessels will […]

  • 26 October 2016
    Business & Finance

    Chemical shipping company Navig8 Chemical Tankers Inc. has expanded its fleet as it took delivery of a 25,000 dwt stainless steel chemical tanker, the Navig8 Stellar. Delivered by the Japanese shipbuilder Kitanihon Shipbuilding, Navig8 Stellar is the fourth of six vessels contracted at the shipyard to be delivered to the company. The tanker is also the second and final […]

  • 1 April 2015
    Business & Finance

    The Oslo-listed Ocean Yield ASA has entered the tanker market, buying eight newbuilding chemical tanker resales for a total consideration of USD 306.8 million, in combination with 15-year “hell and high” bareboat charters to Navig8 Chemical Tankers. The first four vessels, being 37,000 dwt IMO II chemical carriers built by Hyundai Mipo Dockyard, Korea, are scheduled […]

  • 18 March 2019
    Business & Finance

    Navig8 Chemical Tankers’ sale and leaseback deals with ICBC are related to four 37,000 dwt tankers.

  • 3 December 2019
    Business & Finance

    Following the delivery of the four vessels, Odfjell’s Chempool25 will total nineteen tankers.

  • 27 November 2016
    Business & Finance

    Navig8 Chemical Tankers, a joint venture between the Navig8 Group and Oaktree Capital Management, has taken delivery of its fourth 49,000 dwt chemical tanker from South Korean shipbuilder STX Offshore & Shipbuilding. Navig8 Tanzanite is the final 49,000 dwt IMO2 Interline-coated tanker in the company’s newbuilding program, as well as the eighth and final vessel to be delivered […]

  • 22 July 2016
    Business & Finance

    Norwegian ship owner Ocean Yield ASA has taken delivery of Navig8 Topaz, a 49,000 dwt IMO chemical tanker, from South Korean shipbuilder STX. This is the sixth ship delivered in a series of eight chemical tankers to be chartered to Navig8 Chemical Tankers under a 15-year “hell and high water” bareboat charter. In April 2015, Ocean Yield ASA signed […]

  • 11 May 2018
    Business & Finance

    Lower charter rates pushed Navig8 Chemical Tankers deeper into loss in the first quarter of this year.