September 11, 2019
Navig8 Chemical Tankers Inc. (the “Company”) (N-OTC: CHEMS), an international shipping company focused on the transportation of chemicals, today announced its unaudited financial and operating results for the three and six months ended June 30, 2019.
The Company generated revenue of $89.9 million (H1-18: $81.4 m) and a net loss of $3.7 million (H1-18: $9.9 m), or $-0.10 per share (H1-18: $-0.26/share), for the six months ended June 30, 2019. EBITDA was $50.4 million for the six months ended June 30, 2019 (H1-18: $40.7 m). About Navig8 Chemical Tankers Inc. Navig8 Chemical Tankers Inc. was established in 2013 as a joint venture between Navig8 Group and funds manage by Oaktree Capital Management to capitalize on significant structural changes in the petrochemical industry and the continuing development of long-haul chemical trades.
Its best-in-class 32-vessel fleet exclusively comprises large, fuel-efficient vessels with modern eco-designs that take greatest advantage of these shifts and features a complementary mix of primarily Interline-coated and stainless steel vessels that are capable of servicing the full range of conventional and specialized chemicals cargoes. The majority of the Company’s fleet is contracted to operate in various chemical tanker pools managed by Navig8 Group, the world’s largest independent pool and commercial management company. Navig8 Chemical Tankers Inc. is listed on the Norwegian OTC market under the symbol CHEMS.