The 42,000 cbm Navig8 Ametrine and Navig8 Aventurine are the fourth and the fifth out of eighteen chemical tankers ordered at HMD.
Navig8 Chemical Tankers has also recently closed a private placement of shares for gross proceeds of USD 65 million.
A total of 5,701,754 new common shares at a subscription price of USD 11.40 per share have been issued in conjunction with the completed private placement. The company now has a total of 38,489,108 shares in issue.
The proceeds of this private placement will be used to part-finance the equity portion related to the company’s remaining newbuilding programme, as well as general corporate purposes including working capital costs.