Completion of vessel sale

Jul 09 2020


With reference to the press release dated 22nd January 2020, where Navig8 Chemical Tankers Inc. declared the five-year purchase option on the chemical tanker “Navig8 Amessi”, the transaction was successfully completed on the 8th July 2020.

Following repayment of the bank debt on the vessel, the transaction will give net cash proceeds of about USD 9.7 million for Ocean Yield. The transaction is not expected to have any impact on the net results for Q3 2020.
 



Related News

Navios Maritime Partners L.P. reports financial results for the first quarter

(May 12 2022)

Navios Maritime Partners L.P. (“Navios Partners”), an international owner and operator of dry cargo and tanker vessels, reported its financial results for the first quarter ended March 31, 2022.



International Seaways adopts limited duration stockholder rights plan

(May 12 2022)

International Seaways, Inc. (the “Company” or “INSW”) one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, announced that its Board of Directors has unanimously adopted a limited...



Stolt Tankers to purchase three 33,600 DWT chemical tankers

(May 12 2022)

Stolt-Nielsen Limited (Oslo Børs: SNI) announced that Stolt Tankers B.V. has entered into agreements to acquire three 33,600 dwt stainless steel chemical tankers built in Japan.



Sale of Suezmax tanker Stena Supreme

(May 12 2022)

Concordia Maritime has entered into an agreement for the sale of the Suezmax tanker Stena Supreme (158,000 dwt, built in 2012).



TEN Ltd. announces the sale of a 2006-built LR2 product tanker

(May 05 2022)

TEN, Ltd. (TEN) (the “Company”) announced the sale of a 2006-built LR2 aframax tanker, one of the largest product tankers in the world at the time of its construction, to unrelated entities.



June July 2025

Tanker Operator Athens report - MEPC 83 explained - decarbonisation by Norwegian shipowners