High-Q International, the VLCC-owning joint venture between Wah Kwong and Teekay, has entered its sole vessel into one of Navig8’s pools.
The Chinese-built 300,000-dwt Hong Kong Spirit (built 2013) is set to join Navig8’s VL8 pool later this month, it has been confirmed.
The VLCC is thought to have just completed a five-year charter to Cosco Shipping Energy Transport at a reported $37,500 per day.
The addition of the latest tanker will take the number of vessels committed to the VL8 Pool to 38 vessels, according to the Navig8 fleet list.
This is the fourth VLCC to join Navig8’s VL8 pool this year following the additions of the 300,000-dwt Nave Galactic (built 2009), the Nave Celeste (built 2003) in January and the 300,000-dwt Nave Buena Suerte (built 2011) this month.
Navig8’s VL8 pool also includes tonnage from Shandong Landbridge, TRF Ship Management, SBM Offshore and Monarch Alternative Capital.
The pool also includes a number of VLCCs belonging to Gener8 Maritime, but which are being removed in line with its takeover by Euronav.
In March TradeWinds reported that Gener8 Maritime had delivered formal notice to Navig8 that it will be pulling its VLCCs and suezmaxes out of two tanker pools.
