Navig8 Attracts Investment from Touradji Capital

Meanwhile, Navig8 is growing and has just announced an equity investment by NY-based hedge fund Touradji Capital Management. As noted, Navig8 was founded in March of 2007 by Modi Mano and the rest of FR8’s initial management team. The company started life with an initial equity injection of approximately $50 million and currently controls a fleet of approximately 1.4 million dwt including its newbuilding program. In addition Navig8 operates across the shipping value chain, with its core expertise being in the oil products sector. It actively trades a timecharter fleet, owns and invests in tonnage, commercially and technically manages vessels for third parties and trades in the freight derivates market.

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