Navig8 Chemical Tankers Inc. has exercised an option to acquire, and entered into a contract to purchase, one further 49,000 dwt IMO2 eco-design, Interline-coated chemical tanker to be built at STX Offshore & Shipbuilding Co., Ltd. in Korea ("STX"). The Company has options to purchase five additional sister vessels from STX.
The vessel will be built to the same technical specifications as the Company's preexisting orders with STX, including the capability to transport methanol and other specialty cargoes. The new vessel is expected to be delivered by mid-2017 and then deployed in the Chronos8 pool managed by the Navig8 Group.