Navig8 Product Tankers has taken delivery of the 'Navig8 Guard', a 113,000DWT LR2 tanker from Guangzhou Shipyard International Company, formerly CSSC Offshore and Marine Engineering.
The 'Guard' is the third of eight vessels contracted at GSI to be delivered and also the third vessel to be delivered under the sale and leaseback agreements entered into with CSSC announced on June 25, 2015.
Following delivery, the 'Guard' was delivered to CSSC under the terms of the sale MOA and then delivered back to Navig8 under bareboat charter.
The 'Guard' will be entered into and operated in Navig8 Group's Alpha8 commercial pool.