Port Of Bahamas News

The Dubai-based shipping company Gulf Navigation has posted a loss of Dh614.3-million in Q3 2013 attributable to a Dh292.8m impairment of goodwill and a write-off of Dh308.6m of the value it expected to receive for the sale of its two very large crude carriers (VLCCs). The Group's condensed consolidated interim fmancial infonnation has been prepared on a 'going concem' basis, however, given the conditions and events described below there exists a material uncertainty that may cast significant doubt about the Group's ability to continue as a going concem.

Gladding-Hearn Shipbuilding, Duclos Corporation, has delivered a new “St. Johns” Class pilot boat for Freeport Harbour Company on  Grand Bahamas. Freeport Harbour Company is a member of the Hutchison Port Holdings Group, which operates the Freeport Container Port, Grand Bahamas Airport and provides pilot services. The all-aluminum high-speed launch, designed by C. Raymond Hunt Associates, measures 52.6 ft overall, with an 17-ft beam and 4.8-ft draft, and has a top speed of 27 knots.