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Gnh News

21 May 2017

Gulf Navigation Sails to Profit

Dubai-based shipping company Gulf Navigation Holding  has reported a 39% growth in net profit at the end of the first quarter of 2017 compared to the same period in 2016. The result came at a stage while the company is witnessing a significant improvement in its performance, successful settlement of legal cases and entering into various global partnerships to strengthen its competitive position in the marine sector. According to GULFNAV’s financial report, its net profit reached AED 8.8 million (USD 2.4 million) in the first Quarter of 2017 representing an increase of 39% as compared to AED 6.3 million (USD1.7 million) of the same period last year.

05 Dec 2016

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, ship repair and offshore platforms, equipment and services, logistics, marine specialized operations and global mobile ship repair and services including a float and during voyage. The eastern coast of the United Arab Emirates is considered one of the most important trade route in the world and berthing areas and it is the world’s second leader in the supply and ship refueling/ bunkering, per studies at least over 200 work boats are employed for offshore support and supply in the eastern coast.

10 Jul 2006

GNH Purchases Tankers

Gulf Navigation Holding (GNH), a shipping and marine services company, announced on Saturday a $136.1macquisition of six double-hulled tankers. GNH's acquisition of the six product - 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, are 48,000 metric tons deadweight each. The ships are capable of handling about 50,000 cubic meters of liquid capacity each. Source: TradeArabia.com

10 Jul 2006

GNH to Acquire New Tankers

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.