Navig8 Chemical Tankers, an international shipping company focused on the transportation of chemicals, has agreed to enter four of its 25,000-dwt chemical tankers into a pool operated by the Norwegian tanker owner and operator Odfjell.
Following the delivery of the vessels, the 'Chempool25' will total 19 vessels with Odfjell contributing with ten vessels, CTG five vessels and N8CTI four vessels. Odfjell will continue to be the operator of all vessels in the pool.
“We are pleased to welcome N8CTI as a partner. N8CTI brings first-class vessels to the pool, and we look forward to the cooperation and to further develop our pool partnerships,” said Kristian Mørch, CEO of Odfjell SE.
"With this expansion, Odfjell will operate one of the largest fleets of modern 25,000 dwt stainless steel chemical tankers in the world. This is another step in consolidating the chemical tanker industry, and it enables us to offer unparalleled flexibility and service to our customers,” added Kristian.
The four vessels are expected to enter the pool during 1Q2020. The Chempool25 fleet operates as part of Odfjell’s total commercial fleet of around 80 advanced chemical tankers, trading around the world.