Navig8 Chemical Tankers sells four vessels to leasing company

Navig8 Chemical Tankers sells four vessels to a Chinese leasing company and leases them back on long-term bareboat charters. The ships must be repurchased by the end of the agreement.

Jens Grønning is the CEO of Navig8 Chemical Tankers, which just sold four vessels to a leasing company. | Photo: Eitzen Chemical

Navig8 Chemical Tankers has sold four of its vessels to a Chinese leasing company.

The four vessels in question are product tankers, each with a capacity of 37,000 dwt, which have been sold to China's SPDB Financial Leasing on so-called sale-and-lease-back agreements.

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