Singaporean shipping company Navig8 has taken delivery of Navig8 Excellence, the third of the company’s six scrubber-fitted, environmentally friendly newbuild MR tankers from Chinese shipbuilder New Times Shipbuilding (NTS).
According to a statement by the company, the vessel was welcomed in the first week of September this year and will incorporate an array of technologies which enable it to improve its operational efficiency, minimize fuel consumption, and reduce CO2 emissions.
Just like its sister-vessels—the Navig8 Excel , welcomed in January 2024, and the Navig8 Exceed , which joined the fleet in April—Navig8 Excellence will be equipped with an air lubrication system (ALS) as well as an exhaust gas cleaning system (EGCS), also known as scrubbers, from maritime technology provider Clean Marine.
Navig8 has said that a number of sea trials of Navig8 Excel have been conducted in recent times, showing that the ALS system—which uses a continuous stream of air bubbles to reduce friction and drag between the ship and the water—led to ‘proven efficiency’ in fuel consumption. It also helped the ship acquire a power gain of 6.89% MT/day.
Moreover, the scrubber model that was fitted on the MRs has been certified to reduce sulphur emissions to below 0.1%.
In addition to this, the Singaporean shipper draws on the Shipwatch voyage execution platform to oversee the performance of its ships and cut down CO2 emissions through ‘enhanced’ operational efficiency.
All vessels also integrate a Carbon Intensity Indicator (CII) monitoring system. The system is directly linked to the Shipwatch platform, allowing it to collect pivotal data on carbon emissions.
Navig8 Excellence, a 50,000 dwt vessel, will join the Navig8 Gamma8 Pool. It will be technically managed by UK-based TB Maritime.
To remind, in 2023, ADNOC’s shipping and maritime logistics arm, ADNOC Logistics and Services (ADNOC L&S), secured a deal to acquire Navig8 . More specifically, under the agreement, ADNOC L&S was to acquire 80% of the Navig8 for $1.04 billion effective from January 1, 2024. The remaining 20% will be acquired in 2027.