That was the message from Navig8 Product Tankers this week after it again tapped the OTC market for equity — this time $94.5m in gross proceeds. Navig8 confirmed the raise when contacted by TradeWinds.
“The success of the process [reflects] underlying support for the products tanker segment,” said Navig8 commercial director Jason Klopfer. “More specifically, our investors agree that a differentiation between long-range product and short-range product demand is appropriate.
“Despite
