Sti-Steadfast Ship Details and Seafarer Feedback

Navig8 Product Tankers Inc. (N-OTC: EIGHT), a prominent player in the global maritime shipping sector, has proudly announced the delivery of its latest asset, the Navig8 Steadfast. This 110,000 DWT LR2 product tanker was recently acquired from Sungdong Shipbuilding & Marine Engineering Co., Ltd. The addition of the Navig8 Steadfast marks a significant milestone for the company, as it is the sixth vessel in its fleet and the third to be introduced through a strategic sale and leaseback arrangement with Ocean Yield ASA, a transaction initially disclosed on July 13, 2015. Once the vessel's delivery from Sungdong was completed, it was handed over to Ocean Yield following the terms of the Sale Memorandum of Agreement (MOA), and then swiftly returned to Navig8 under a bareboat charter setup. This latest development underscores Navig8's commitment to enhancing its operational efficiency and expanding its capabilities in the transportation of petroleum products.