Marine Link
Sunday, September 25, 2016

GNH to Acquire New Tankers

July 10, 2006

According to reports, Gulf Navigation Holding (GNH), a shipping and marine services company, announced its Dh500 $136.1m acquisition of six double-hulled tankers. The deal reflects the company's determination to capitalize on the growth prospect in the sector as oil prices and charter rates hit new highs. GNH's acquisition of the six product tankers - Gulf Ahmadi, Gulf Riyad, Gulf Sieb, Gulf Safwa, Gulf Jash and Gulf Shagra - boosts the size of its burgeoning fleet to 18 wholly-owned vessels. The new acquisitions, which offer flexible capacity and can carry clean oil, products and ore, will be fully deployed on time charter. The vessels are 48,000 metric tones deadweight each and have liquid capacity of about 50,000 cubic meters. For bulk handling the vessels are equipped with their own grabs and cranes and are capable of speeds up to 15 knots. Source: TradeArabia News Service


Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News