The equity is going to support a further six VLCCs for the global pools power, which is led by Gary Brocklesby and Nicholas Busch. This would push its VLCC orderbook to 14.

The order is to be split among two Asian yards where Navig8 has existing orders -- South Korea's HHI and China's SWS, and a new one, Hanjon-Subic. Delivery will come in 2015 and 2016.

Navig8's