Navig8 Chemical Tankers has secured financing for two Japan-built chemical tanker newbuildings from Credit Agricole.

The shipowner said the bank is providing $24.86m of debt financing in respect of instalments already paid to Kitanihon Shipbuilding for two 25,000-dwt ships.

Navig8 Chemical has also signed a sale-and-leaseback agreement for the tanker pair with Japan’s SBI Holdings.

It will sell the vessels to SBI and enter into 11-year bareboat charters.

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