Navig8 Product Tankers Inc. takes Delivery of its Seventh Newbuilding Product Tanker from STX Offshore & Shipbuilding Co., Ltd.

12 May 2016

Navig8 Product Tankers Inc. (the “Company”) (N-OTC: EIGHT), an international shipping company focused on the transportation of petroleum products, today announced that it has taken delivery of the Navig8 Executive, a 74,000 DWT LR1 tanker from STX Offshore & Shipbuilding Co., Ltd. The Navig8 Executive will be entered into and operated in Navig8 Group’s LR8 commercial pool.

Thus far the Company has taken delivery of seven LR1 and six LR2 product tanker newbuildings and anticipates that its entire newbuilding fleet will be delivered by the end of 2016.

Navig8 Product Tankers Inc. press release