ADNOC Logistics and Services Plc (ADNOC L&S), a global energy maritime logistics company, today announced an agreement to acquire Navig8 TopCo Holdings Inc. (Navig8).  

Nicolas Busch, CEO of Navig8, said: “Navig8 is excited by ADNOC L&S’ investment into the company, which is a great credit to the hard work and dedication of the Navig8 global team over the last 17 years making this partnership possible. The opportunity to work collaboratively with ADNOC L&S and the wider ADNOC Group brings together their extensive knowledge of energy markets with Navig8’s unique presence in the maritime sector. This will allow us to enhance the service and value we deliver to both our customers and the Navig8 group. We are very proud to support ADNOC L&S as they increase their global footprint.” 

Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, said: “This value accretive acquisition marks another major milestone as we deliver on our transformational growth strategy. The addition of Navig8’s presence in 15 international cities, fleet of tankers and world-class services will expand our geographical footprint and service offering, cementing our position as a leading global energy maritime logistics and services company.” 

Following the successful completion of the acquisition, which is subject to customary regulatory approvals, the current Navig8 management team will continue to operate the business on a day-to-day basis. Current operations with be maintained under the existing Navig8 brand to ensure continued strength in business performance, while leveraging the complementary benefits of the ADNOC L&S partnership. 

Click here to read the full press release on the ADNOC website. 

For media inquiries, please contact: media@navig8group.com 

The Navig8 Exceed will utilise a range of technologies that improve operational efficiency, lessen fuel consumption, and reduce emissions.

The Navig8 Exceed entered Navig8 ownership this April, the second of six newbuild MR vessels due for delivery by 2025 from New Times Shipbuilding Co. Ltd.

All six vessels are installed with an air lubrication system (ALS) from Marine Technology Solutions, and an exhaust gas cleaning system (EGCS) to remove sulphur, otherwise known as a scrubber.

Furthermore, Navig8 employs the Shipwatch platform to oversee the performance of its ships and actively contribute to the reduction of CO2 emissions through enhanced operational efficiency. All vessels will integrate a CII monitoring system directly connected to the Shipwatch platform.

The vessels will join the Navig8 Gamma8 Pool and will be technically managed by Suntech Maritime.

Vessel: Navig8 Exceed

Yard: New Times Shipbuilding Co. Ltd

Built: 2024

Deadweight: 50,000

We are delighted to announce that Yasa Hawk joins the Eco MR pool in February 2024.

Vessel: Yasa Hawk

Yard: SPP – Sancheon

Built: 2017

Deadweight: 49,990

The Navig8 Excel will utilise a range of technologies that improve operational efficiency, lessen fuel consumption, and reduce emissions.

The Navig8 Excel entered Navig8 ownership today, the first of six newbuild MR vessels due for delivery by 2025 from New Times Shipbuilding Co. Ltd.

All six vessels are installed with an air lubrication system (ALS) from Marine Technology Solutions, and an exhaust gas cleaning system (EGCS) to remove sulphur, otherwise known as a scrubber.

ALS technology employs a continuous stream of air bubbles to reduce friction and drag between the vessel and the water. During recent sea trials of the Navig8 Excel, the ALS system resulted in proven efficiencies in fuel consumption and a power gain of 6.89% MT/day. Meanwhile, the model of EGCS fitted on the MRs has been certified to reduce sulphur emissions to below 0.1%.

Furthermore, Navig8 employs the Shipwatch platform to oversee the performance of its ships and actively contribute to the reduction of CO2 emissions through enhanced operational efficiency. All vessels will integrate a CII monitoring system directly connected to the Shipwatch platform.

The vessels will join the Navig8 Gamma8 Pool and will be technically managed by Suntech Maritime.

Gary Brocklesby, Chairman of Navig8 said:

“These MR vessels are fully equipped with emission-reducing technologies and intelligence tools that enable the comprehensive collection and analysis of numerous data points related to our operations. This integrated approach empowers us to achieve significant enhancements in efficiencies and lessen the environmental impact of our operations.”

Vessel: Navig8 Excel

Yard: New Times Shipbuilding Co. Ltd

Built: 2024

Deadweight: 50,000

We are delighted to announce that Yasa Seagull joins the Eco MR pool in January 2024.

Vessel: Yasa Seagull

Yard: SPP – Sancheon

Built: 2017

Deadweight: 49,990

We are delighted to announce that Byzantine have committed the Katherine Lady to the Eco MR Pool. The vessel delivered in October 2023, which brings the total number of Eco MR vessels under Navig8’s management to 13.

Vessel: Katherine Lady

Yard: Hyundai Mipo

Delivery: October 2023

Deadweight: 49,999

We are delighted to announce that the Navig8 Messi, Navig8 Montiel, Navig8 Martinez and Navig8 Macallister have joined the LR8 Pool.

Vessel: Navig8 Macallister

Yard: DSIC

Deadweight: 75,618

Vessel: Navig8 Martinez

Yard: DSIC

Deadweight: 76,547

Vessel: Navig8 Ma

Yard: DSIC

Deadweight: 75,618

Vessel: Navig8 Montiel

Yard: DSIC

Deadweight: 69,999

We are delighted to announce that Raptor will be joining Navig8’s commercially managed fleet, delivering in February 2023.

Vessel: Raptor

Yard: Universal Shipbuilding

Delivery: February 2023

Deadweight: 159,395

Wishing all of our clients and partners a very Happy New Year! As we look ahead to a strong 2023, we are delighted to announce the addition of the following new-build scrubber fitted LR2s to the Navig8 fleet:

Navig8 Pride LHJ:  Delivering ex New Times 06-Jan-2023

Navig8 Wolf: Delivering ex Daehan 09-Jan-2023

Navig8 Providence: Delivering ex New Times 01-April-2023

We are delighted to announce that DSD Shipping have committed two vessels, Stavanger Pioneer and Stavanger Poseidon, to the Eco MR Pool. Both ships delivered in December 2022, which brings the total number of eco MR vessels under Navig8’s management to 13.

Vessel: Stavanger Pioneer

Yard: Hyundai Vinashin

Delivery: December 2022

Deadweight: 49,999

Vessel: Stavanger Poseidon

Yard: Hyundai Vinashin

Delivery: December 2022

Deadweight: 49,999

We are delighted to announce that Wonder Vega will be joining the V8 Plus Pool in December 2022.

Vessel: Wonder Vega

Yard: HHI

Delivery: December 2022

Deadweight: 106,062

We are delighted to announce that Transworld Group have committed TTC Shakti and TTC Vidyut to the LR8 Pool.

Already an established player in the container and dry bulk sectors, Transworld Group’s partnership with Navig8 marks their diversification into the tanker market.

Vessel: TTC Shakti

Yard: New Century

Deadweight: 73,981

Vessel: TTC Vidyut

Yard: New Century

Deadweight: 73,948