Gulf Navigation Holding PJSC has set its sights on a capacity expansion of close to 30 percent in 2007. After the acquisition of six double hulled product tankers at the end of last year, and the successful conclusion of their financing arrangement for the six tankers and two chemical tankers to be built in Shina shipyard totaling $186m with Nordea bank, the company plans to acquire and build additional oil and chemical tankers this year. Gulf Navigation Holding has completed all formalities for the listing of its shares on the DFM. The company is in the final stages of securing the regulatory approvals, and plans to start trading soon. Subscriptions for the company’s IPO closed in August 2006. GCC nationals, companies, establishments and general firms under the Federal and Local Governments were invited to subscribe to the offer.
Gulf Navigation Holding PJSC (DFM: GULFNAV) has announced the appointment of Khalid Karim to the position of Chief Financial Officer Khalid brings to Gulf Navigation over 30 years of experience in major oil & gas and shipping companies in senior finance roles. He joins the company as it enters a new phase in its substantial expansionary plan where he will assist the company in its continuing growth strategy.
The Middle East Navigation Aids Service (Menas) is cutting, with effect from July 1, 2006, its navigation dues tariffs for ships calling at ports in the Middle East Gulf. In addition to cutting its tariff for navigation dues by 50 percent, Menas is also overhauling its dues-charging structure to rationalize its impact on different classes of users. Smaller vessels, i.e. those below 15,000 net registered tons (nrt), that currently pay relatively little and incur proportionately heavy
Paul Morton has worked for 30 + years in the Marine and Offshore Industry in the Gulf Coast. Morton’s last 18 years were with a major worldwide SOLAS navigation electronics firm. He comes to Telemar USA as an “Inside Sales Manager.” Paul is responsible for parts/consumables/shipboard communication & navigation electronics for the Telemar USA, LLC.
The Dubai-based shipping company Gulf Navigation has posted a loss of Dh614.3-million in Q3 2013 attributable to a Dh292.8m impairment of goodwill and a write-off of Dh308.6m of the value it expected to receive for the sale of its two very large crude carriers (VLCCs). Doubts about the company’s survival prospects increase and on this question the company states as follows: Going concern The Group's condensed consolidated interim fmancial infonnation has been prepared on a 'going
Dubai-based Gulf Navigation Holding (Gulfnav), a leading maritime and shipping company, has reported a substantial 123 per cent profit growth at the end of the third quarter of 2015 compared to the same period the previous year. The company released its latest financial statement amidst its strong and consistent financial turnaround and continuous intensified efforts to address creditor concerns, said a statement from the company.
Contship Containerlines has enhanced its presence in the Mediterranean-North American West Coast trade by joining the MedPac Conference, following its debut on the route almost two years ago. The fast-expanding container shipping line entered the trade in July 1999 through an agreement with d'Amico/Italia Line, gaining slots on the service which calls at Valencia, Livorno, Genoa, Cartegena, Long Beach, Vancouver, Portland and Oakland.
The Houston/Galveston Navigation Safety Advisory Committee (HOGANSAC) has compiled the first-ever Facility Information Guide for the ports of Galveston, Houston and Texas City. The Guide provides specific navigation information for every facility in the three-port area. Information in the Guide was contributed by terminal owners and operators and organized by staff members at Coast Guard Vessel Traffic Service Houston/Galveston
Representatives of Port Freeport will meet with a delegation of Congressional staffers and representatives from the U.S. Army Corps of Engineers to tour the Port and discuss the viability of the Freeport Harbor Improvement Project that includes the plan to deepen the federal channel up to 60 feet and widen it up to 600 feet. Thus far, Port Freeport has received wide-spread, bi-partisan support for this critical project from the Texas delegation as well as the Governor's office of Federal
Seven Mississippi River locks between Muscatine, Iowa, and Saverton, Missouri, expected to close as water-level rises. The closures of Locks 16 through 22 will effectively shut the river to commercial navigation from central Iowa to northern Missouri, reports Reuters, citing information from the U.S. Army Corps of Engineers. Some 60 percent of U.S. grain exports are shipped via the Mississippi River and its tributaries from farms in the Midwest to export terminals at the Gulf of Mexico.
The Mighty Mississippi River connects 31 states and 2 Canadian Provinces by a liquid superhighway that includes over 250 tributaries and features more miles of inland waterways than the rest of the world combined. As I contemplate my thoughts on the importance of this great river system
Great Lakes Seaway Ballast Water Working Group releases 2015 ballast water management report The Great Lakes Ballast Water Working Group (BWWG) released its 2015 Summary of Great Lakes Seaway Ballast Water Management activities Thursday.
Landside freight transportation funds would increase; navigation, port security and emission reduction funds would drop The American Association of Port Authorities (AAPA) said today it is encouraged by the potential of significant gains for landside freight transportation programs
The United States and India have held talks about conducting joint naval patrols that a U.S. defense official said could include the disputed South China Sea, a move that would likely anger Beijing, which claims most of the waterway.
A U.S. Navy guided-missile destroyer sailed within 12 nautical miles of an island claimed by China in the South China Sea on Saturday, in an operation the Pentagon said was designed to challenge efforts to restrict freedom of navigation. Pentagon spokesman Captain Jeff Davis said no ships from
China accused the United States on Monday of seeking maritime hegemony in the name of freedom of navigation after a U.S. Navy destroyer sailed within 12 nautical miles of a disputed island in the South China Sea. China claims most of the South China Sea
The Danish Maritime Authority (DMA) was in Ghana January 18-21 to identify potential areas of cooperation that may promote maritime growth in Ghana and, simultaneously, be of benefit to the Danish business sector. The purpose of the cooperation between the Danish and Ghanian authorities
Parties bring together technical capabilities on trans-Arctic shipping Facing changing climate conditions in the Arctic which have effectively generated new opportunities shipping in the region, classification society ABS and commercial shipper China Ocean Shipping (Group) Company (COSCO) have
DNV-GL has issued an official certificate for the Transas Navi-Sailor 4000 ECDIS after Transas passed type-approval in November 2015. The new generation of the Transas ECDIS is the first sytem in the market certified by DNV-GL according to the latest IHO and IEC standards.
The Nautical Institute and CIRM (the principal international association for marine electronics companies) today launched a joint initiative to improve the usability of navigation and communication technology on board ships. Speaking at the International e-Navigation Underway Conference today
Tideland Signal Corporation has been acquired by Xylem Inc. (NSYE: XYL), a global water technology company. Tideland will now be part of the Xylem Analytics business which includes YSI, SonTek and Aanderaa. “We are very excited about the possibilities now available with the added scope and
The U.S. Coast Guard published guidance that allows mariners to use electronic charts and publications instead of paper charts, maps and publications. Issued February 5, the Navigation and Vessel Inspection Circular, NVIC 01-16 establishes uniform guidance on what is now considered
Global shipmanagement company, Lemissoler Navigation, via its affiliated and managed company Frontmarine Co. Ltd, has achieved significant fuel savings from coating its newbuild 58,500dwt supramax bulk carriers with Hempel’s Dynamic antifouling product.
On Tuesday, February 9 at around 3am, local time, the containership CSCL Indian Ocean has been able continue her voyage to the Port of Hamburg. In a joint operation, the Central Command for Maritime Emergencies, the Federal Water and Shipping Administration, salvage companies
A British-led initiative to create a back-up to satellite navigation systems for ships has been pulled after failing to garner interest from other European countries, despite its proponents pointing to the growing risk of disasters at sea.