Navig8 Chemical Tankers Takes Delivery of its Fifth 25,000 dwt Stainless Steel Chemical Tanker from Kitanihon

January 12, 2017

Navig8 Chemical Tankers Inc. (the “Company”) (N-OTC: CHEMS), an international shipping company focused on the transportation of chemicals, today announced that it has taken delivery of the Navig8 Saiph, a 25,000 DWT stainless steel chemical tanker, from Kitanihon Shipbuilding Co., Ltd (“Kitanihon”).

The Navig8 Saiph is the fifth of six vessels contracted at Kitanihon to be delivered to the Company and is the first of two vessels to be part financed under the secured loan facility with UniCredit Bank AG announced on November 3, 2016.

The Navig8 Saiph will be entered into and operated in Navig8 Group’s Stainless8 commercial pool.

Navig8 Chemical Tankers Inc. press release