Shipping firm Navig8 has announced the formation of a chemical tanker company in collaboration with US-based Sokana Chartering.

The 100-ship chemical tanker company will combine Navig8’s services with the existing commercial management and operations of Sokana, the company said.

Navig8 has 70 product carriers ranging from 35,000dwt to 114,000dwt and manages 30 vessels of between 8,600dwt and 29,000dwt.

Navig8 Chemicals will operate from 1 October in Westport, London, Singapore and Shanghai.