Navig8 seals $100m tankers sale & leaseback deal

Navig8 Chemical Tankers

Navig8 Chemical Tankers has entered into sale and leaseback agreements with Jiangsu Financial Leasing (JFL) for four chemical tankers; two 25,000 dwt stainless steel chemical tankers and two 49,000 dwt IMO2 chemical tankers.

The company has raised $100m through the agreement. A portion of the proceeds was used to repay the bank loan facilities.

Morevoer, the company has entered into long-term charter agreements with JFL, which include purchase options to re-acquire the vessels during the charter period.

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