Navig8 Chemical Tankers entered its second sale and leaseback deal with China Merchants Bank as the company seeks to boost its liquidity.
The Oaktree Capital-backed chemical tanker owner said the transaction with CMB Financial Leasing for the 25,000-dwt Navig8 Saiph and Navig8 Sceptrum (both built 2017) will result in net proceeds of $66.8m.
A portion of funds will be used to repay a $54.3
