UK-based Navig8 Product Tankers is closing in on financing for the whole of its orderbook.

The company, which lists 21 newbuildings on its website, said it has already clinched senior debt and sale and leaseback funding for 19 ships, including four since the end of the third quarter.

“Our newbuilding programme is substantially funded at this point, and we are in advanced discussions for financing the remaining vessels," said CEO Nicolas Busch.

"We