The vehicle, Navig8 Chemical Tankers Inc, has booked six firm 37,000-dwt newbuildings, plus options, at Hyundai Mipo Dockyard in South Korea, it announced today.
No price has been revealed for the firm ships, which will hit the water in the first three months of 2015.
TradeWinds is told the newbuildings are priced at around $36.5m each, valuing the total order at close to $220m.
Sources suggest the deal has been slightly downsized, with Navig8 previously out in the market looking for investors to support an order for eight firm ships and an equal number of options.
Navig8’s decision to turn to private-equity for a chemical tanker push comes only a couple of months after it launched a product tanker company on Oslo’s over the counter market with a $170m share issue.
Navig8 commercially manages a fleet of 210 ships, including clean and dirty tankers and dry bulk vessels, it said in the statement.
Oaktree had $7.64bn in assets under management at the end of the first half of 2013.
