Fast-growing tanker company Navig8 is playing down talk that it is reversing its business strategy and attempting to play catch-up with the investment boom in the medium-range (MR) tanker sector by placing a $300m order for up to eight vessels in South Korea.
The company is said to be turning to financially troubled STX Offshore & Shipbuilding for the contract, with talks in the final stages and a deal, according to one source, “close to signing”.
Talk
