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Navig8 signs for six steel chemical tankers

Valentine Watkins
Kitanihon's shipyard in Japan

Navig8 Chemical Tankers has booked an order for six stainless steel 25,000DWT chemical tankers, to be built at Japan's Kitanihon Shipbuilding.

Atle Sebjornsen, managing director of Navig8 Chemical Tankers, confirmed the order but declined to comment on price. He said the company had, "identified an opportunity in current historic low prices for modern designed ships with favourable fuel economies, a relatively modest orderbook and a positive outlook in the sector".

The newbuildings are set for delivery in 2016 and 2017.

The company also has eighteen 37,000DWT IMO2 chemical tankers on order at Hyundai Mipo Dockyard in South Korea. These vessels will begin delivery from next year.