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Wednesday, May 1, 2024

Gulf Navigation to Acquire Oil Tankers

Maritime Activity Reports, Inc.

August 30, 2010

According to an August 29 report from Bloomberg, Gulf Navigation Holding PJSC, Dubai’s only publicly traded oil-tanker owner, is seeking to buy new crude carriers as an improving global economy boosts shipping volumes. The company is on target to ship 6 million tons of goods this year, compared with 4.5 million tons in 2009, a company representative said.

(Source: Bloomberg)

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