Gulf Navigation to Add Two Large Oil Tankers

Tuesday, February 15, 2011

According to a Feb 15 report from Bloomberg, UAE-based shipping company Gulf Navigation Holding will add two very large crude carriers (VLCCs) by 2013 to its fleet as it expands and launches two new companies. Last month it received a VLCC named Gulf Eyadah, which has started its two-year contract. The holding company's total capacity in five years will be 18 million barrels with nine VLCCs.

(Source: Bloomberg)

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