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Navig8 Chemical Tankers secures $54.3m loan for newbuild pair

Navig8 Chemical Tankers secures $54.3m loan for newbuild pair
Navig8 Chemical Tankers has entered into a $54.3m secured loan facility, to finance the last two of the company’s 25,000dwt chemical tanker newbuildings currently under construction at Japan’s Kitanihon shipyard.

The loan facility covers approximately 65% of the contract price of the vessels, and has been provided by a European bank.

The two tankers were part of six ordered in 2014; delivery is expected in 2017.

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