Navig8 Chemical Tankers is continuing to reacquire vessels sold under leaseback deals to Norway's Ocean Yield.

The Oslo-listed lessor said on Friday that Navig8 had declared an option to buy back the 50,000-dwt Navig8 Topaz (built 2016).

The vessel had been on a long-term charter to Navig8 Chemical, but the owner had a right to purchase it after five years.