Navig8 Product Tankers Announces Execution
of 4 Additional Shipbuilding Contracts

November 12, 2013

Navig8 Product Tankers Inc is pleased to announce that it has signed shipbuilding contracts for the construction of four additional ECO LR2 tankers to be built at Sungdong Shipbuilding & Marine Engineering Co., Ltd.

The four new ECO LR2 tankers have been ordered by use of existing newbuilding options with Sungdong and have identical specifications as the Company's firm vessels already on order with Sungdong. The delivery dates for the four new tankers are scheduled for 2016 delivery.

About Navig8 Product Tankers Inc: Navig8 Product Tankers Inc is a newly incorporated product tanker company with a series of LR2 product tankers under construction at Sungdong, Korea, and GSI, China.

Navig8 Group press release