Author: Angela Freeth

Navig8 takes delivery of sixth MR newbuild vessel from New Times Shipbuilding Co.

Posted on by Angela Freeth

Navig8 is proud to announce the successful delivery of the Navig8 Executive, which completed on 22nd November. This marks the final vessel in a series of six state-of-the-art MR newbuilds delivered by New Times Shipbuilding Company to Navig8 in 2024.

Each of these advanced 50,000 DWT product oil/chemical tankers is equipped with Clean Marine’s innovative air lubrication systems and exhaust gas scrubbers, demonstrating our commitment to enhancing environmental performance. Additionally, Navig8 leverages the Shipwatch voyage execution platform to optimise operational efficiency and reduce emissions. The platform integrates directly with a CII monitoring system, enabling comprehensive emissions data collection and streamlined reporting.

The Navig8 Executive will join the Navig8 Gamma8 Pool and will be technically managed by TB Maritime, further strengthening the fleet and operational capabilities.

 

Navig8 takes delivery of third MR newbuild vessel from New Times Shipbuilding Co.

Posted on by Angela Freeth

We are pleased to announce the delivery of the Navig8 Excellence this week, the third of six newbuild MR vessels from New Times Shipbuilding Co. due for delivery this year.

All six of the state-of-the-art MRs are installed with air lubrication systems and scrubbers from maritime technology provider, Clean Marine.

Navig8 also employs the Shipwatch voyage execution platform to oversee performance and reduce emissions through enhanced operational efficiency. A CII monitoring system is directly connected to the Shipwatch platform to allow vital collection of emissions data and reporting.

The Navig8 Excellence joins the Navig8 Gamma8 Pool and will be technically managed by TB Maritime.

 

ADNOC Logistics & Services to Acquire Navig8

Posted on by Angela Freeth

ADNOC Logistics and Services Plc (ADNOC L&S), a global energy maritime logistics company, today announced an agreement to acquire Navig8 TopCo Holdings Inc. (Navig8).  

Nicolas Busch, CEO of Navig8, said: “Navig8 is excited by ADNOC L&S’ investment into the company, which is a great credit to the hard work and dedication of the Navig8 global team over the last 17 years making this partnership possible. The opportunity to work collaboratively with ADNOC L&S and the wider ADNOC Group brings together their extensive knowledge of energy markets with Navig8’s unique presence in the maritime sector. This will allow us to enhance the service and value we deliver to both our customers and the Navig8 group. We are very proud to support ADNOC L&S as they increase their global footprint.” 

Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, said: “This value accretive acquisition marks another major milestone as we deliver on our transformational growth strategy. The addition of Navig8’s presence in 15 international cities, fleet of tankers and world-class services will expand our geographical footprint and service offering, cementing our position as a leading global energy maritime logistics and services company.” 

Following the successful completion of the acquisition, which is subject to customary regulatory approvals, the current Navig8 management team will continue to operate the business on a day-to-day basis. Current operations with be maintained under the existing Navig8 brand to ensure continued strength in business performance, while leveraging the complementary benefits of the ADNOC L&S partnership. 

Click here to read the full press release on the ADNOC website. 

For media inquiries, please contact: media@navig8group.com