Norway-listed Navig8 Chemical Tankers has axed a number of management agreements with its co-owner, Navig8 Group, but retains substantial working relations with its parent.
The Denmark-based chemical carrier company's annual report revealed a change to commercial, technical and administrative management ties with Navig8 Group.
The shipowner pays Navig8 Group a pro-rata share of revenue — amounting to 2% plus a fee of $250 per vessel per day — for ships commercially managed by Navig8 Group pools.
