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Gulf Navigation

Gulf Navigation Anticipates Expansion for 2007

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 Appoints CFO

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.


Tankship Owner, Gulf Navigation Group, in Dire Straits

Gulf tankship in previous ownership colours: Photo courtesy of Frontline

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


Menas Cuts Navigation Dues

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


Morton Joins Telemar Sales Group in U.S.

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.


Freeport Harbor Improvement Project Meeting to be Held at Port

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


Drought Stricken Mississippi Now Flooding

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.


Galveston, Houston and Texas City Ports Guide Now Available

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


CEECO Assists Restoration Efforts for Gulf Waterway Navigation

Spectrum Sciences & Software Holdings Corp. announced today that its wholly owned subsidiary, Coast Engine and Equipment Company (CEECO), has been helping the U.S. Coast Guard rebuild portions of the waterway navigation system in the Mississippi River Delta damaged by Hurricane Katrina. This work, which has a total contract value of approximately $1.3 million, is expected to be completed in January 2006. CEECO has been building the mechanical structures for twenty-five ATON (aid to


Contship Joins MedPac Conference

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.


BHGI-designed ATB Unit Under Construction

Image courtesy of BHGI

Bristol Harbor Group, Inc. (BHGI) informs it is currently completing the detail design phase of a 399’ x 74’ x 30’ 80,000 BBL double hull oil tank barge and a 120’ x 40’ x 18’- 6” twin screw ocean service tug


Northrop Grumman Navigation Systems for Canadian Navy

NORTHROP-GRUMMAN logo.jpg

Northrop Grumman Corporation's Sperry Marine business unit has been selected to design and supply gyrocompass navigation systems for 12  Kingston Class coastal defence vessels for the Royal Canadian Navy, as a subcontractor to SNC-Lavalin Defence Programs Inc.


OSV Technology: Notable Designs & Deliveries

MV Shelia Bordelon

Though the market for Offshore Support Vessels (OSVs) is soft, advances in technology, fit and finish in  the sector is unrivaled in any other maritime niche over the past five years. Here’s a look at some of the more notable designs and deliveries.


USCG Responding to Vessel Aground in St. Marys River

The motor vessel Mississagi sits aground in the lower St. Marys River near De Tour Village, Mich., April 22, 2015. U.S. Coast Guard photo courtesy of Coast Guard Air Station

  The Coast Guard continues to monitor the 603-foot bulk carrier Mississagi which ran aground in the St. Marys River near De Tour Village, Michigan early Wednesday. The motor vessel, a Canadian-flagged bulk carrier with a load of stone, was transiting downbound the St


Strong FY 16 Funding Approved for Corps

   Today the House Appropriations Committee, led by Chairman Hal Rogers (R-KY), approved by unanimous voice vote the FY ’16 Energy & Water Development (E&WD) and Related Agencies appropriations bill, significantly increasing funding in Fiscal Year 2016 for the U.S


Funding Boosted for USACE Civil Works Program

Michael J. Toohey (Photo: WCI)

House Appropriations Committee approves strong FY ’16 funding for Corps with full use of all estimated inland waterways trust fund annual revenues   The U.S. House Appropriations Committee, led by Chairman Hal Rogers (R-KY), today approved by unanimous voice vote the FY ’16


Bulker Aground in St. Marys River

The motor vessel Mississagi sits aground in the lower St. Marys River near De Tour Village, Mich., April 22, 2015. (U.S. Coast Guard photo courtesy of Coast Guard Air Station Traverse City)

A 603-foot bulk carrier ran aground in the St. Marys River near De Tour Village, Michigan, early Wednesday.   The motor vessel Mississagi, a Canadian-flagged bulk carrier with a load of stone, was transiting downbound the St. Marys River from Bruce Mines, Ontario


UKHO Launches New ADMIRALTY Digital Radio Signals

Image: UKHO

ADMIRALTY List of Radio Signals, a comprehensive source of information on all aspects of maritime radio communication, is now available in digital format to make it easier to search and update than paper publications.   Together with ADRS 2


Gulf Oil Spill Restoration Projects Proposed

Aerial view of Louisiana shoreline (Photo: NOAA)

Deepwater Horizon trustees announce agreement in principle for 10 Gulf early restoration projects   The trustees and BP have identified approximately $134 million in projects to be included in the next proposed phase of early restoration


Iranian Flotilla a Factor in US Warship Deployment off Yemen

U.S. Navy photo by Anna Van Nuys

The Pentagon said on Tuesday the presence of a large convoy of Iranian cargo ships in the Arabian Sea was one factor in the U.S. decision to deploy additional warships in the waters off war-torn Yemen but was not the primary reason for the move.  


White House Says US Ship Near Yemen to Ensure Commerce

(U.S. Navy photo by Anna Van Nuys)

The White House said on Tuesday that the presence of a U.S. aircraft carrier near Yemen is intended to ensure freedom of navigation and commerce in the area.   White House spokesman Josh Earnest cited energy, among other important commodities


Kongsberg Simulators to Enhance GoM Offshore Training

Photo courtesy of Kongsberg

‘Fideicomiso de Formación y Capacitación para el Personal de la Marina Mercante Nacional’ (FIDENA), on behalf of Mexico’s Secretariat of Communications and Transportation (SCT) has selected Kongsberg Maritime offshore simulators for the Marine Education Center in


Chevron Hires Norce Endeavour for Thailand Ops

Norce Endeavour. Pic courtesy: Solstad Offshore ASA

 Solstad Offshore ASA (SOFF) has fixed the 2011-built 18,000 dwt crane barge Norce Endeavour to Chevron for work in Thailand next year for around 200 days.   Solstad has received confirmation from Chevron in Thailand for the 2016 Offshore Installation Campaign utilizing its Derrick Lay


Suezmax Tankers Bullish

 Suezmax: By Palmali Group of Companies

Global fixture activity for suezmax crude tankers rose in the first quarter by 5% year on year, with most of the activity coming out of West Africa.   Suezmax fixtures out of the Caribbean rose by 48%, most of which headed to the US Gulf and East coast Panama.  


CMA CGM Upgrades Gulfbridge, Hispaniola Lines

Container shipping company CMA CGM Group announced its Gulfbridge service upgrade, and its Hispaniola feeder service optimization.    The CMA CGM Group upgrades its Gulfbridge service between the Gulf of Mexico and the Caribbean area






 
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