Seventh Chemical Tanker Joins Ocean Yields Fleet

Ocean Yield Norwegian ship-owner Ocean Yield ASA has taken delivery of Navig8 Tourmaline, a 49,000 dwt IMO II chemical tanker, from South Korean shipbuilder STX.  After being delivered from the shipyard, the vessel commenced a 15-year hell and high water bareboat charter to Navig8 Chemical Tankers, entering the Chronos8 Pool. The Navig8 Tourmaline is the seventh vessel delivered in a series of eight chemical tankers that will be chartered to Navig8 Chemical Tankers. In 2015, Ocean Yield ASA entered the tanker market buying eight newbuilding chemical tanker resales for a total consideration of USD 306.8 million. The first four vessels, all of them being the 37,000 dwt IMO II chemical tankers built by Korean Hyundai Mipo Dockyard (HMD), were delivered in Q2 and Q3 2015. The remaining four vessels, being 49,000 dwt IMO II chemical tankers built by STX Korea, were scheduled for delivery in Q1-Q3 2016. The first two tankers, Navig8 Turquoise and Navig8 Topaz, joined the companys fleet in April and July 2016, respectively.