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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.


Gulf Navigation Posts 123pct Profit Growth

Photo: Gulf Navigation Holding

 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.    


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


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.


Coast Guard Cutter Mackinaw, the ‘Christmas Ship’

Coast Guard cutter Mackinaw is moored at Navy Pier in Chicago. Loaded with 1,200 Christmas trees, Mackinaw arrived in Chicago to serve as this years Christmas Ship. (U.S. Coast Guard photo by Brian Hinton)

Mackinaw delivers Christmas trees, works buoys for Operation Fall Retrieve   The U.S. Coast Guard cutter Mackinaw returned to Chicago on December 3, 2016 as this year’s “Christmas Ship” loaded with 1,200 Christmas trees.  


[Op/Ed] WRDA: Dredging up Progress

© alexmma1 / Adobe Stock

Digging out the small ports and harbors that serve as the on-ramps to the maritime super highway is important work.   We support the WRDA language that makes our water commerce system work productively. The Presidentially-appointed Mississippi River Commission in its public meetings


GNH to Expand Oerations in Northern UAE

 Gulf Navigation Holding (GNH) announces the initiation of studies for large expansion of its operations in the northern region of the United Arab Emirates consisting of a set of comprehensive maritime activities, (the GNH Northern Project), including ship building


P&O Ferries Chooses GNS Solutions

Image: GNS

Ferry company P&O Ferries will take advantage of GNS solutions to deliver purchasing cost efficiencies and simplify navigation management and compliance on board.   P&O Ferries, the British ferry company that operates ferries from the U.K


European Cooperation Essential in Strengthening Inland Navigation

The panellists stressed the need of developing one strong voice for inland navigation in Europe. From left Gunnar Platz, Jukka Hasu, Roland Hörner, Sławomir Kopyść, Karin de Schepper and Stefan Breitenbach Photo Port of Hamburg

European cooperation is necessary in order to integrate inland waterway transport better into the multimodal logistic chains. This opinion was shared by around 130 participants from Poland, Germany, Sweden, Lithuania, Finland, Belgium and Czech Republic


DMCA, DNV Join forces to promote Maritime Innovation

Workshop in Progress Photo Dubai Maritime City Authority

In cooperation with Det Norske Veritas, one of the world's largest classification society of vessels, Dubai Maritime City Authority's (DMCA) 'Maritime Innovation' workshop recently concluded with high participation from maritime industry pioneers and other government entities such as DP World


India Takes Steps To Prevent Attacks On Vessels

Union Minister of State for Road Transport, Highways and Shipping, Government of India Pon Radhakrishnan. Photo: Twitter official page

 Gulf of Aden (East Coast of Africa), Malacca Strait and West Coast of Africa are shipping routes which suffer  incidents of pirate attacks.    Steps taken to prevent recurrence of such incidents in future are:-  


Kongsberg to support RAN Bridge Simulator Expansion

Maritime Warfare Officers of the Royal Australian Navy at HMAS Watson, Sydney Australia will soon be trained on upgraded K-Sim Polaris ship’s bridge simulators, made possible by a beneficial support contract between KONGSBERG and RAN. Credit ABIS Alan Lancaster. Copyright Commonwealth of Australia

The Royal Australian Navy (RAN) is expanding its maritime simulator facility at HMAS Watson, Sydney with the addition of new KONGSBERG ship-handling and navigation simulators and the integration of a new visual display system for its existing bridge simulator


As Operators Look for the Bottom, Gulf Gloom Persists

Credit: Yesenia Rodriguez

Gulf of Mexico vessel operators want to see sustained, higher oil prices. After a rough two years, supply boat owners and operators in the Gulf of Mexico hope crude oil prices will improve in 2017. That would encourage activity among the offshore drillers that they service and would put


US Navy Aids Stranded Iranian Mariners

Sailors assigned to the guided-missile destroyer USS Nitze (DDG 94) render assistance to a distressed Iranian vessel. (U.S. Navy photo by Casey J. Hopkins)

The U.S. Navy’s Guided-missile destroyer USS Nitze (DDG 94), currently deployed to the Arabian Gulf in support of maritime security operations, assisted three Iranian mariners in distress, November 18.   Nitze received notification from aircraft carrier USS Dwight D


Gulf Island Launches MPSV for Hornbeck

Photo: Gulf Island Shipyards

Gulf Island Shipyards, a division of Gulf Island Fabrication, Inc. has launched the newly built M/V HOS Warhorse on Wednesday, November 2, 2016 at their Jennings, La. facility.   The HOS Warhorse, the first of a two vessel contract for Hornbeck Offshore Services


Public Support Needed to Promote Inland Navigation in Baltic Region

Panellists discussed Swedish challenges and European best practices for inland navigation in Stockholm. Photo Port of Hamburg

Inland navigation has a lot of potential in the Baltic Sea Region, even though the geographical and administrative conditions for inland navigation differ from country to country. This was highlighted by the panel that debated the future of inland navigation in Sweden as part of the 7th Strategy


Kongsberg Technology Chosen for New Ice Class Cruise Ship

Photo: Kongsberg Maritime

Kongsberg Maritime technology has been chosen for installation aboard Australian cruise line Scenic Cruises’ new ice class cruise ship. The 228-passenger, 168 meter long Scenic Eclipse features an ice strengthened hull, but with sleek lines, state-of-the art technology and luxury fittings


European Debuts for Garmin at METS Trade 2016

GPSMAP 722922

 Garmin, the global leader in satellite navigation, is set to premiere a range of its new 2017 marine products to the European market, at METS Trade 2016.    Experience Garmin’s strengthened marine product portfolio in Amsterdam this year – featuring the compact GPSMAP


C-MAP Unveils Insight Chart Options

C-MAP UNVEILS NEW INSIGHT CHART OPTIONS Photo Lowrance

 Global cartography leader C-MAP is set to introduce a new series of map products for boaters. The new U.S. mapping products — C-MAP Insight Pro and C-MAP Lake Insight HD — combine the trusted chart detail, unique content and popular graphical presentation of C-MAP cartography






 
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