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Navig8 cancels five newbuildings from South Korea

Navig8 Chemical Tankers is slowing down and canceling an order for five newbuilding tankers from STX Offshore & Shipbuilding. The canceled orders come in the wake of a period in which the carrier has expanded its fleet significantly.

Photo: Navig8

Navig8 Chemical Tankers has canceled five orders for new tanker vessels from a South Korean shipyard.

The Norwegian carrier informs that a deal was made with Korean yard STX Offshore & Shipbuilding to cancel deliveries of MR chemical tankers with a capacity of 49,000 dwt.

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