HAFNIA AQUAMARINE
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Five year purchase option completed
With reference to the announcement on Dec 25, 2019, where Navig8 Chemical Tankers Inc declared the five-year purchase option on the 'Navig8 Aquamarine', the transaction was successfully completed. Following repayment of the bank debt on the vessel, the transaction will give net cash proceeds of about USD 9.7 million for Ocean Yield. The transaction is not expected to have any impact on the net results for Q2 2020. Navig8 Chemical Tankers Inc. has also exercised the five-year option for the vessel 'Navig8 Amessi'. The vessel is expected to be delivered towards the end of July 2020. The 'Navig8 Aquamarine' berthed at the Chengxi Shipyard Co. in Jinagyin on June 1.
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