Equity funds behind Navig8s new product tank fleet
Right now, assets are more valuable in the larger product tank segment than the somewhat oversubscribed MR segment, says commercial director Jason Klopfer of Navig8, which managed to raise USD 170 million in Oslo for a new eco fleet almost without being noticed. A new share sale is underway.
BY OLE ANDERSEN
Without attracting much media attention, the international shipping group Navig8 managed swiftly and without difficulty to raise USD 170 million on OTC in Oslo in mid-August, to finance a series of LR2 (Long Range Two) product tankers for the company's new unit, Navig8 Product Tankers Inc.
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