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Navig8 Chemical Tankers Inc. Announces New Management Team

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Navig8 Chemical Tankers Inc. Announces New Management Team

June 11, 2019 – Navig8 Chemical Tankers Inc. (the “Company”) (N-OTC: CHEMS), an international shipping company focused on the transportation of chemicals, today announced that it has appointed Jens Gronning as CEO and Torben Bager as CFO. Nicolas Busch, Paul Stevens and David Wiswell have stepped down from their respective roles.

The Board of Directors of the Company commented as follows: 

“We are pleased to welcome Jens Gronning as the new CEO of Navig8 Chemical Tankers Inc. Jens brings an extensive background in the shipping industry and deep experience with chemical and product tankers. Together with our new CFO Torben Bager, who has significant knowledge of the maritime finance space from years of working with leading product tanker companies, Jens will lead a new management team that will propel our business forward. We thank Nicolas, Paul and David for their many contributions to the Company’s development and look forward to continuing to work together with them in their roles at Navig8, a significant shareholder in the Company.”

About Navig8 Chemical Tankers Inc.

Navig8 Chemical Tankers Inc. was established in 2013 as a joint venture between Navig8 Group and funds managed by Oaktree Capital Management to capitalize on significant structural changes in the petrochemical industry and the continuing development of long-haul chemical trades. Its best-in-class 32-vessel fleet exclusively comprises large, fuel-efficient vessels with modern eco-designs that take greatest advantage of these shifts and features a complementary mix of primarily Interline-coated and stainless steel vessels that are capable of servicing the full range of conventional and specialized chemicals cargoes.

The Company’s fleet is contracted to operate in various chemical tanker pools managed by Navig8 Group, the world’s largest independent pool and commercial management company.

Navig8 Chemical Tankers Inc. is listed on the Norwegian OTC market under the symbol CHEMS.

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