Norwegian-listed Navig8 Chemical Tankers has raised $100m through four sale and leaseback deals with a Chinese financier.

The Denmark-based operator said Jiangsu Financial Leasing had acquired two 25,000-dwt stainless steel carriers and two IMO 2-type 49,000-dwt ships.

The quartet was delivered in June and the proceeds will be used to repay loans dating from 2015 and 2016.