With the delivery of the $56M Gulf Baynunah, GEM has increased its current fleet to 11.
Apart from the two vessels that are joining GEM's fleet this year, there are seven more vessels on order by GEM from HMD which are scheduled for delivery in 2009
Gibdock has continued to see its stock rise amongst the German shipowner community over the past year. Indeed the Gibraltar ship repair yard’s recent client list
Mr. Noboru Ueda, Chairman and President of ClassNK attended the delivery ceremony for the M/T Al Yarmouk, constructed at Daewoo Shipbuilding & Marine Engineering Co.
The launch of the Bravante IX, built in a U.S. shipyard, was from the investments made by the Maritime Administration (MARAD) just three years ago.