Navig8 Partners with Leonhardt & Blumberg for Six New IMO2 MR Vessels

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  • Newbuilds to Join Navig8’s Gamma8 Pool Under Charter and Pooling Agreements.
  • Gamma8 Fleet to Expand to 29 Vessels by 2027.
  • Navig8 Strengthens Position in the IMO2 MR Segment.

Navig8 has just shared some exciting news: they’ve wrapped up a significant deal with shipowner Leonhardt & Blumberg for six brand-new Marineline IMO2 MR vessels. These ships will be managed commercially by Navig8, utilising a combination of time-charter and pooling agreements, all while operating within the company’s IMO2 MR Pool, known as Gamma8, reports Navig8.

Fleet Expansion Strengthens IMO2 Segment Presence

With these new additions, the Gamma8 fleet is on track to expand to 25 vessels by 2026 and 29 vessels by 2027, solidifying Navig8’s robust presence in the IMO2 MR segment. While the specifics of the transaction are under wraps, Navig8 has confirmed that the deal is officially done, marking another milestone in its strategic growth journey.

CEO Highlights Partnership and Market Confidence

Commenting on the development, Nicolas Busch, CEO of Navig8, stated: “We are pleased to welcome Leonhardt & Blumberg as a new partner, further strengthening our presence in the IMO2 segment. This transaction reflects our strong conviction in the fundamentals of the IMO2 market and our confidence in Gamma8’s ability to deliver enhanced value and earnings performance.”

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Source: Navig8