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Navig8 Chemical deepens deficit and cancels contracts with owner

Tanker shipping company Navig8 Chemical grew its bottom line deficit further in 2020. At the turn of the year, the company canceled a series of management contracts linked to its ownership group Navig8 Group.

Photo: PR / Navig8 Chemical Tankers

Shipping company Navig8 Chemical, listed on the Oslo Stock Exchange and based in Denmark, saw its deficit deepen further in 2020, when the coronavirus pandemic more or less halted demand for product tanker.

The tanker carrier's revenue dropped to USD 159.1 million from USD 173.9 million in 2019.

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