Category: News

Navig8 takes delivery of fourth and fifth MR newbuild vessels from New Times Shipbuilding Co.

Posted on by Elaina Cameron

We are pleased to announce the successful delivery of the Navig8 Estelle and Navig8 Express which completed on 20th September. This joint delivery brings the total number of MRs completed for Navig8 by New Times Shipbuilding Co. in 2024 to five. A sixth MR is due to be delivered by the end of the year.

All six of the state-of-the-art 50,000DWT product oil / chemical tankers 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 two E-series additions join the Navig8 Gamma8 Pool and will be technically managed by TB Maritime.

 

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 

 

Navig8 takes delivery of the second of six newbuild MRs with emission reducing technology

Posted on by Angela Freeth

The Navig8 Exceed will utilise a range of technologies that improve operational efficiency, lessen fuel consumption, and reduce emissions.

The Navig8 Exceed entered Navig8 ownership this April, the second of six newbuild MR vessels due for delivery by 2025 from New Times Shipbuilding Co. Ltd.

All six vessels are installed with an air lubrication system (ALS) from Marine Technology Solutions, and an exhaust gas cleaning system (EGCS) to remove sulphur, otherwise known as a scrubber.

Furthermore, Navig8 employs the Shipwatch platform to oversee the performance of its ships and actively contribute to the reduction of CO2 emissions through enhanced operational efficiency. All vessels will integrate a CII monitoring system directly connected to the Shipwatch platform.

The vessels will join the Navig8 Gamma8 Pool and will be technically managed by Suntech Maritime.

 

Vessel: Navig8 Exceed

Yard: New Times Shipbuilding Co. Ltd

Built: 2024

Deadweight: 50,000

 

Navig8 takes delivery of the first of six Eco-friendly newbuild MR IMO 2 vessels

Posted on by Angela Freeth

The Navig8 Excel will utilise a range of technologies that improve operational efficiency, lessen fuel consumption, and reduce emissions.

The Navig8 Excel entered Navig8 ownership today, the first of six newbuild MR vessels due for delivery by 2025 from New Times Shipbuilding Co. Ltd.

All six vessels are installed with an air lubrication system (ALS) from Marine Technology Solutions, and an exhaust gas cleaning system (EGCS) to remove sulphur, otherwise known as a scrubber.

ALS technology employs a continuous stream of air bubbles to reduce friction and drag between the vessel and the water. During recent sea trials of the Navig8 Excel, the ALS system resulted in proven efficiencies in fuel consumption and a power gain of 6.89% MT/day. Meanwhile, the model of EGCS fitted on the MRs has been certified to reduce sulphur emissions to below 0.1%.

Furthermore, Navig8 employs the Shipwatch platform to oversee the performance of its ships and actively contribute to the reduction of CO2 emissions through enhanced operational efficiency. All vessels will integrate a CII monitoring system directly connected to the Shipwatch platform.

The vessels will join the Navig8 Gamma8 Pool and will be technically managed by Suntech Maritime.

Gary Brocklesby, Chairman of Navig8 said:

“These MR vessels are fully equipped with emission-reducing technologies and intelligence tools that enable the comprehensive collection and analysis of numerous data points related to our operations. This integrated approach empowers us to achieve significant enhancements in efficiencies and lessen the environmental impact of our operations.”

 

Vessel: Navig8 Excel

Yard: New Times Shipbuilding Co. Ltd

Built: 2024

Deadweight: 50,000

 

Byzantine joins the Eco MR Pool

Posted on by Angela Freeth

We are delighted to announce that Byzantine have committed the Katherine Lady to the Eco MR Pool. The vessel delivered in October 2023, which brings the total number of Eco MR vessels under Navig8’s management to 13.

 

Vessel: Katherine Lady

Yard: Hyundai Mipo

Delivery: October 2023

Deadweight: 49,999

 

Navig8 commits 4 LR1s to the LR8 Pool

Posted on by Angela Freeth

We are delighted to announce that the Navig8 Messi, Navig8 Montiel, Navig8 Martinez and Navig8 Macallister have joined the LR8 Pool.

 

Vessel: Navig8 Macallister

Yard: DSIC

Deadweight: 75,618

 

Vessel: Navig8 Martinez

Yard: DSIC

Deadweight: 76,547

 

Vessel: Navig8 Ma

Yard: DSIC

Deadweight: 75,618

 

Vessel: Navig8 Montiel

Yard: DSIC

Deadweight: 69,999