Navig8 had a purchase option on the vessel after five years, and now that it has been declared the effective purchase date is November 15 source Navig8, says an article published on their website.
The new vessel
Navig8 has declared an option to acquire the 2013-built 45,000 dwt chemical tanker Navig8 Constellation, currently on a long-term charter from Norway’s Ocean Yield.
The Oslo-listed Ocean Yield said that the price of the option is $18.8m, significantly lower than the tanker’s value of $25.2m according to VesselsValue.
Ocean Yield acquired the South Korean-built vessel from New York-listed tanker owner and operator Navios Maritime Acquisition for $37.3m in 2016.
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Source: Navig8group
