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.

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

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

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

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.

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.

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

MENAS Gets New Multipurpose Light Tender

Middle East Navigation Aids Service (MENAS) introduced its new multipurpose light tender vessel Relume in a special naming ceremony at Damen Shipyards’ Royal Schelde facility in Vlissingen, The Netherlands. The vessel, the third MENAS ship to bear the name Relume, was christened by Mrs Chantal E Mitropoulos, wife of the International Maritime Organization (IMO) Secretary-General Efthimios Mitropoulos. Although the paramount responsibility of the new Relume will be

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.