We are delighted to announce that Cape Andiamo and Cape Avanti have joined the Eco MR pool. Cape Andiamo was delivered in October 2024 and Cape Avanti was delivered in January 2025.

Vessels: Cape Andiamo & Cape Avanti

Yard: Jiangsu Yiangzijiang

Built: 2024

Deadweight: 50,502

Effective immediately, the vessels will be marketed through Navig8’s industry-leading pools.

London, United Kingdom – 20 January 2025: Navig8 is pleased to announce that it has commenced the commercial management of the ADNOC L&S tanker fleet, comprising 20 vessels.

This strategic move sees eight VLCCs, eight LR2s, and four LR1s join Navig8’s market-leading pools, further strengthening the company’s position as a global leader in commercial management. The transition represents a key step in aligning Navig8’s operations with ADNOC L&S following its recent acquisition of an 80% stake in the company.

The integration of these vessels into the Navig8 pools is expected to enhance the service and value delivered to both customers and the Navig8 group. This collaboration underscores the shared ambition of the organisations to work closely to swiftly enhance fleet performance.

Commenting on the announcement, Navig8 CEO Nicolas Busch said:

“I’m thrilled that ADNOC L&S has chosen to add their vessels to Navig8’s pools, cementing the acquisition as we look forward to the next phase in the group’s expansion. The addition of these vessels highlights our close working relationship and our shared commitment to drive growth across the business.”

Commenting on this milestone, Captain Abdulkareem Al Masabi, ADNOC L&S CEO said:

“We are delighted that we have immediately transitioned our tankers’ commercial management and are leveraging Navig8’s expertise in commercial pooling. This strategic move will not only elevate the services we offer to our expanding global customer base but also unlocks substantial value and drives new growth opportunities. We anticipate efficiencies and value by leveraging the operational synergies between both companies.”

Navig8 is looking forward to having these vessels join the pools and they will be commercially marketed with immediate effect.

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

• Navig8’s presence in 15 cities will strengthen ADNOC L&S’ position in energy maritime logistics, with full ownership planned by 2027
• Transaction adds Navig8’s modern fleet of 32 tankers to ADNOC L&S’ fleet and expands its service portfolio including commercial pooling and bunkering

London, United Kingdom – 08 January 2025: Navig8 TopCo Holdings Inc. (Navig8 / the Company) today announced that it has been acquired by ADNOC Logistics and Services plc (ADNOC L&S) (ADX symbol: ADNOCLS / ISIN: AEE01268A239), a global leader in energy maritime logistics.

Navig8 is an international shipping pool operator and commercial management company with a modern owned fleet of 32 tankers and a presence in 15 cities across five continents. The Navig8 Group also holds investments in technical management companies, a marine fuels provider operating in over a thousand ports worldwide, and other enterprises serving the marine sector.

This deal represents a significant milestone for the Company, founded in 2007 as a private organisation by former traders Gary Brocklesby and Nicholas Busch. The acquisition is set to deliver value to both Navig8 and ADNOC L&S’ clients and shareholders, fostering opportunities for commercial growth and entry into new markets.

Nicolas Busch, CEO of Navig8, said: “We are excited to join forces with ADNOC L&S and the wider ADNOC Group. This achievement highlights the exceptional efforts of the Navig8 team over the past two decades, setting the stage for this next phase. Together, we aim to deliver even greater benefits to our customers, supporting ADNOC L&S’s growth and expanding Navig8’s presence in new markets.”

Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, said: “The completion of this landmark acquisition is a significant milestone in our transformational growth strategy. By integrating Navig8’s extensive fleet and global presence, we can enhance our service offerings, generating substantial value for customers and shareholders. This strategic move unlocks new opportunities for commercial growth and expansion into new markets, reinforcing our position as a leading global energy maritime logistics company.”

Financial Highlights

ADNOC L&S has acquired 80% of Navig8 for $1.04 billion (AED3.8 billion), with economic ownership effective from January 1, 2024. ADNOC L&S will acquire the remaining 20% ownership in mid-2027, for deferred consideration of between $335 million and $450 million (AED1.2 billion to AED1.7 billion), dependent on EBITDA delivery ad-interim, payable at that time.

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

Navig8 is proud to announce the successful delivery of the Navig8 Executive, which completed on 22nd November. This marks the final vessel in a series of six state-of-the-art MR newbuilds delivered by New Times Shipbuilding Company to Navig8 in 2024.

Each of these advanced 50,000 DWT product oil/chemical tankers is equipped with Clean Marine’s innovative air lubrication systems and exhaust gas scrubbers, demonstrating our commitment to enhancing environmental performance. Additionally, Navig8 leverages the Shipwatch voyage execution platform to optimise operational efficiency and reduce emissions. The platform integrates directly with a CII monitoring system, enabling comprehensive emissions data collection and streamlined reporting.

The Navig8 Executive will join the Navig8 Gamma8 Pool and will be technically managed by TB Maritime, further strengthening the fleet and operational capabilities.

We are pleased to announce the successful delivery of the Navig8 Estelle and Navig8 Express which completed on 20th September. This joint delivery brings the total number of MRs completed for Navig8 by New Times Shipbuilding Co. in 2024 to five. A sixth MR is due to be delivered by the end of the year.

All six of the state-of-the-art 50,000DWT product oil / chemical tankers are installed with air lubrication systems and scrubbers from maritime technology provider, Clean Marine.

Navig8 also employs the Shipwatch voyage execution platform to oversee performance and reduce emissions through enhanced operational efficiency. A CII monitoring system is directly connected to the Shipwatch platform to allow vital collection of emissions data and reporting.

The two E-series additions join the Navig8 Gamma8 Pool and will be technically managed by TB Maritime.

We are pleased to announce the delivery of the Navig8 Excellence this week, the third of six newbuild MR vessels from New Times Shipbuilding Co. due for delivery this year.

All six of the state-of-the-art MRs are installed with air lubrication systems and scrubbers from maritime technology provider, Clean Marine.

Navig8 also employs the Shipwatch voyage execution platform to oversee performance and reduce emissions through enhanced operational efficiency. A CII monitoring system is directly connected to the Shipwatch platform to allow vital collection of emissions data and reporting.

The Navig8 Excellence joins the Navig8 Gamma8 Pool and will be technically managed by TB Maritime.

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