Second Aframax Tanker Delivered to Gulf Energy Maritime

MarineLink.com
Sunday, February 10, 2013
C.H. Park, Chief Technology Officer of Samsung Heavy Industries; Ahmed Al Falahi, CEO of GEM; Captain Robert Ferguson, GEM’s Head of MSEQ; and Ovijit Roy, GEM’s Head of Fleet.
Gulf Energy Maritime (GEM) continues to expand its fleet, with the delivery of Gulf Valour, its second Aframax vessel. After two months since the delivery of Gulf Vision, its first Aframax vessel, GEM received Gulf Valour, which was also built by Samsung Heavy Industries. Standard Chartered arranged a Korean Export Credit Agency (ECA) to back the vessel’s financing.
 
The delivery of GEM’s second Aframax vessel reflects GEM’s leadership of responding to the market’s requirement as the industry gradually improves from the impact of the global financial crisis.  
 
“Prior to the delivery of Gulf Vision, we have been cautious but optimistic on the tanker market. As such, we have constantly maintained our product development and offering as we aim to be a step ahead once the market stabilises and recovers,” said Ahmed Al Falahi, CEO of GEM. “It is indeed another milestone for GEM to receive Gulf Valour as we remain steadfast with our commitment of excellence across oceans and responsiveness to the needs of our customers and the market.” 
 
Other VIPs and dignitaries present at the ship delivery event were Captain Robert Ferguson, GEM’s Head of MSEQ; Ovijit Roy, GEM’s Head of Fleet; and Krunal Bhatt - Director Origination & Client Coverage of Standard Chartered Bank. 
 
Gulf Valour, like Gulf Vision, is equipped with state-of-the-art equipment that meets all international environment safety requirements with a capacity of 114,700 DWT capable of carrying both clean petroleum products and dirty products.
 
Gulf Valour joins GEM’s existing fleet which is currently composed of one Aframax, nine modern Panamax tankers, six MR tankers, and three Handysize tankers. 
GEM is certified by Lloyd's Register Quality Assurance to the ISO 9001-2000 Quality Management System and ISO 14001-2004 Environment Management System for the operational and technical management of its fleet. 
 
Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Decade Old India Shipping Summit Makes History

In ten years, India Shipping Summit held consistently in Mumbai, has sailed on a robust growth course despite the worldwide witnessing recessionary waves buffeting any endeavors to grow and gain.

COSCO Delivers Bulker

The Board of Directors of COSCO Corporation (Singapore) Limited announced that COSCO (Dalian) Shipyard Co., Ltd a subsidiary of the Company's 51% owned COSCO Shipyard Group Co.

Navy to Commission Submarine North Dakota

The Navy will commission its newest attack submarine North Dakota, during a ceremony Saturday, Oct. 25, 2014, at Submarine Base New London in Groton, Connecticut.

Tanker Trends

Decade Old India Shipping Summit Makes History

In ten years, India Shipping Summit held consistently in Mumbai, has sailed on a robust growth course despite the worldwide witnessing recessionary waves buffeting any endeavors to grow and gain.

MARAD Seeks Comments on Proposed Policy for Deepwater Export Applications

The Maritime Administration (MARAD) is seeking comments on the agency’s proposed policy to accept, evaluate and process license applications for the construction

Oil Drillers Group to Fight U.S. Export Ban

More than a dozen U.S. oil producers have joined to lobby the federal government to reverse the 40-year-old ban on U.S. crude exports, a move that supporters hope

Energy

Decade Old India Shipping Summit Makes History

In ten years, India Shipping Summit held consistently in Mumbai, has sailed on a robust growth course despite the worldwide witnessing recessionary waves buffeting any endeavors to grow and gain.

Areva-Siemens Raises Claim Over Finnish Reactor Delays

The French-German consortium Areva-Siemens , the supplier of Finland's much-delayed Olkiluoto-3 nuclear reactor, has increased its claim against Finnish utility Teollisuuden Voima (TVO),

16 Die in Coal Mine Accident in China

Sixteen workers were killed after a coal mine collapsed in China's far western region of Xinjiang, the official Xinhua news agency reported on Saturday, highlighting

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2989 sec (3 req/sec)