Examples of Navig8 Group in a sentence
In addition, our Commercial Manager is majority owned by a Navig8 Group entity and minority owned by an affiliate of Oaktree.
For the year ended December 31, 2017, Navig8 Group of Companies (“Navig8”), Mansel LTD (“Mansel”) and Shell Tankers Singapore Private LTD (“Shell”) accounted for 31.9%, 14.3% and 13.7%, respectively, of our total revenue.
Our technical manager, commercial manager and administrative manager (collectively known as our “Related Managers”) are affiliates of Navig8 Group, which is majority owned and controlled (directly or indirectly) by senior employees of Navig8 Group.
In the period between September 30, 2022, and October 21, 2022, the M/T Wonder Polaris, M/T Wonder Sirius, M/T Wonder Bellatrix, M/T Wonder Musica, and M/T Wonder Avior, entered into a series of separate agreements with V8 Pool Inc., a member of Navig8 Group of companies, for the participation of the vessels in the V8 plus pool, a pool operating Aframax tankers aged fifteen (15) years or more (the “V8 Plus Pool”).
Navig8 Group Holdings Inc (the “Company”) is a private company incorporated and domiciled in the Marshall Islands.
The board noted that Mr. Georgiopoulos was a member of management and an employee of Gener8, the director Dan Ilany was associated with and was an employee of Avenue Capital Group, which had an investment interest in Euronav, and the director Nicolas Busch was associated with the Navig8 Group, a company which commercially managed substantially all of Gener8’s vessels.
In relation to the Issuer’s main subsidiaries, it is primarily dependent on: (a) Navig8 Commercial Services Ltd for commercial management fee income from the pools, (b) Integr8 Fuels Holdings Inc for income generated from bunker procurement activities, (c) Navig8 Inc for chartering activity profits and (d) Navig8 Asset Management Holdings Inc for operating profits in relation to Navig8 Group owned vessels.
The Company’s immediate parent, Navig8 Limited, was established in March 2007 as the holding company of the Navig8 Group.
Navig8 Group Holdings Inc owns 100% of the shares of Navig8 Inc and Navig8 Services Inc, and Navig8 Services Inc owns 100% of the shares of Navig8 Technical Management Holdings Inc and Navig8 Commercial Services Limited as at the date of this Registration Document.
In the period between September 30, 2022, and December 12, 2022, all Aframax/LR2 tanker vessels, entered into a series of separate agreements with V8 Pool Inc., a member of Navig8 Group of companies, for the participation of the vessels in the V8 plus pool (the “V8 Plus Pool”), a pool operating Aframax tankers aged fifteen (15) years or more.