Navig8 Chemical Tankers has used a buyback option to acquire an Ocean Yield tanker at a discounted price.

Oslo-listed Ocean Yield, a ship lessor controlled by Kjell Inge Rokke, said the UK company will pay $26.5m for the 38,000-dwt chemical carrier Navig8 Amessi (built 2015).

Delivery will be on 22 July.