Navig8 Chemical has exercised its contractual option to order another 49,000dwt IMO II chemical tanker from STX Offshore & Shipbuilding, South Korea.

The owner ordered four firm vessels of this specification this October, all of which are set for delivery in mid-2017.

Like its sisterships, the additional vessel will be built to a fuel-efficient design and its cargo tanks coated with Interline epoxy phenolic coating, enabling the tankers to carry methanol as well as chemicals and products.

The new vessel is expected to be delivered by mid-2017, when it will be deployed with the four other newbuildings in the Chronos8 pool, which is managed by the Navig8 Group.