Khamis Juma Buamim News

14 Aug 2018

GulfNav Upgrades Fleet to Meet New Environmental Rules

Photo: Gulf Navigation

Dubai-based shipping company Gulf Navigation Holding (GulfNav) is upgrading its fleet with new technologies that will help reduce the vessels’ fuel consumption and prepare them for new environmental regulations.Khamis Juma Buamim, Board Member, Managing Director and Group CEO of Gulf Navigation Holding said: "An important investment expense, for which we have allocated a substantial amount of the company’s revenues in this quarter, is the quality upgrade of our ships while they…

07 Mar 2018

GulfNav Raises Funds for Expansion

Photo:  Gulf Navigation Holding

Dubai-based Gulf Navigation Holding’s board has approved the trading of rights issued in February 2018 to the company’s existing shareholders, without publicly offering the remaining shares. The company's capital now stands at AED 919,209,250. (USD 250,254,718) The move is in line with the company’s interim strategy to expand its services and gradually increase the size of its fleet to keep up with upcoming contracts and expansion projects, considering its future expansion plans.

03 Mar 2018

UAE Marine Environment Protection Association launched in Dubai

Launching of the United Arab Emirates Marine Environment Protection Association Photo UAE MEPA

The Director General of HELMEPA, Dimitris C. Mitsatsos and the Chairman of Dubai Council for Marine & Maritime Industries (DCMMI), Mr. Khamis Juma Buamim, signed the Inaugural Declaration to the formation of UAEMEPA, the United Arab Emirates Marine Environment Protection Association. The signing ceremony took place at the beginning of the 9th Offshore Arabia Conference at Dubai in the presence of the Secretary General of IMO, Mr. Kitack Lim, UAE high standing functionaries and representatives of organizations and companies from within world shipping.

29 Jan 2018

Gulf Navigation to Acquire Atlantic Navigation

Photo: Gulf Navigation Holding PJSC (GulfNav)

Dubai-based Gulf Navigation Holding PJSC (GulfNav) is in discussions to acquire a majority stake in Singapore-based Atlantic Navigation Holdings, a provider of offshore marine logistic services. Atlantic is an integrated offshore supply operation engaged in the provisioning of marine logistic services, ship repair, fabrication and other marine services. It operates out of the UAE serving primarily customers in the Middle East and India. Atlantic is an offshore marine logistic services group listed on the Singapore Stock with total assets of $177m.

21 Jan 2018

Gulf Navigation Refinances Two Carriers

Khamis Juma Buamim, Board Member, Managing Director and Group CEO of Gulf Navigation Holding. Photo provided by the company.

Gulf Navigation Holding PJSC has announced refinancing 'Gulf Mishref' and 'Gulf Mirdif' petrochemical carriers in less than a month after increasing its capital to AED 1 billion through an Initial Public Offering (IPO). The move underlines the increasing demand for the company’s shipping services, which requires increasing its fleet capacity to meet the demand for its services in the region. Refinancing the two carriers, Gulf Mishref and Gulf Mirdif, is an important addition to the company's petrochemical transportation capabilities.

13 Aug 2017

Gulf Navigation Rapid Profit Growth

Photo: Gulf Navigation Holding

The Dubai based Gulf Navigation Holding (GulfNav) achieved remarkable growth in 2017 and witnessed many outstanding achievements in line with the steady growth of UAE economy. GulfNav announced 33% growth in net profits by the end of the first half of 2017, compared with the same period of 2016. This announcement comes concurrently with the new phase the company is launching to strengthen its position and competitiveness globally. Gulf Navigation is aiming to be one of the innovative service providers in the maritime and shipping industry.

10 Jul 2017

Gulf Navigation Issuing $250 million in Bonds by September

Dubai's Gulf Navigation Holding , a listed shipping firm, plans to issue $250 million in sukuk, or Islamic bonds, in late August or early September, the group's chief executive said on Monday.   The company has appointed First Abu Dhabi Bank to lead the transaction, the proceedings of which will be used to back the company's expansion plans, Khamis Juma Buamim told reporters at a press conference.   Gulf Navigation is targeting revenue growth of 300 percent by 2021, the CEO said.   Reporting by Alexander Cornwell

21 May 2017

Gulf Navigation Sails to Profit

Photo: Gulf Navigation Holding

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…

08 Jan 2017

Gulf Navigation forms JV with Polimar Turkish

Photo: Gulf Navigation Holding

Dubai-listed Gulf Navigation Holding has announced a partnership with Polimar Turkish Holding to grow its fleet and increase its global reach. Under the agreement, Gulf Navigation said it would be able to serve customers in major trading ports worldwide. The Gulf Navigation fleet is expected to grow from four service boats to 10 crews, tugs and offshore support vessels with a value of US$3 million per vessel as part of the deal. The revenue from the partnership is expected to be about $27m a year, according to Gulf Navigation.

28 Dec 2016

GulfNav, SeaQuest Tie Up in Ship Management

Photo: Gulf Navigation Holding PJSC

Dubai-based Gulf Ship Management, a wholly owned subsidiary of Gulf Navigation Holding, announced on Tuesday a recent tie up with Switzerland’s SeaQuest Group to set up a ship management joint venture and expand operations in the region. According to this agreement, Gulf Navigation Holding will expand its business in the Middle East, Africa and other neighbouring countries in the field of Ship Management, Marine Project Management and Consultancy Services, through a new company…

19 Dec 2016

Gulf Navigation, Mena Energy Sign Strategic Deal

Photo: Gulf Navigation Holding PJSC

GulfNav has marked another milestone by entering into strategic alliances with MENA ENERGY. The strategic alliances  for mutual co-operation in ship acquisition, chartering and commercial management aims to set out a platform for the parties to have an enhanced commercial relationship and to further strengthen their existing business ties. The parties have agreed that Gulf Navigation would acquire vessels that would be time-chartered to MENA Energy for carrying Crude and the petroleum products.

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.

26 May 2016

Dubai Partners with WOC on Ocean Sustainable Dwevelopment

Photo: Dubai Council for Marine & Maritime Industries

The Dubai Council on Marine and Maritime Industries (DCMMI) and the World Ocean Council (WOC) have agreed to collaborate on ocean sustainable development and corporate ocean responsibility. The WOC is increasingly working with and through “maritime clusters” to advance these goals. “The World Ocean Council is a unique global business leadership organization committed to advancing ocean sustainable development, stewardship and science,” DCMMI Chairman, Khamis Juma Buamim, stated.

19 Apr 2016

New CEO at GulfNav Leads Expansion Plans

From right to left: Khamis Juma Buamim, Group CEO, Abdulla Saeed Abdulla Brook Al Hemeiri, Chairman, and Ahmad Al Kilani, Board Member of Gulf Navigation (Photo: Gulf Navigation)

Dubai-based shipping company Gulf Navigation Holding PJSC (GulfNav) has announced in a press conference at Rose Rayhaan by Rotana April 19 its expansion plans to increase its assets under management and service-based revenue. The shipping company also revealed the appointment of Khamis Juma Buamim as the new Board Member, Managing Director and Group CEO by the Board of Directors during the event. Chairman Abdulla Saeed Abdulla Brook Al Hemeiri, and Khamis Juma Buamim along with other high-level executives…

19 Apr 2016

GulfNav Unveils Expansion Plans

From right to left Mr. Khamis Juma Buamim, Group CEO, Abdulla Saeed Abdulla Brook Al Hemeiri, Chairman, and Ahmad Al Kilani, Board Member Photo Gulf Navigation

Gulf Navigation Holding PJSC (GulfNav), the Dubai-based shipping company, has announced in a press conference at Rose Rayhaan by Rotana today (Tuesday, April 19, 2016), its key expansion plans to increase its assets under management and service-based revenue. The shipping company also revealed the appointment of Mr. Khamis Juma Buamim as the new Board Member, Managing Director and Group CEO by the Board of Directors during the event. The move forms part of the company’s intensified strategy to become one of the main industry leaders in the regional maritime and shipping industries.

28 Jan 2016

GAC’s Meena Wins IMC Golden Shield Award

Meena Mathews with the award Photo courtesy GAC

The International Maritime Club presented Meena Mathews, GAC’s Regional P&I Manager for the Middle East, with its Excellence in Marine Claims Management accolade at the IMC Excellence Awards ceremony at the Ocean Blue in Sharjah, UAE, this week. Mathews was nominated by the Club’s committee of industry specialists for her work in protection and indemnity and insurance over the last year. She received her award from The Dubai Council for Marine & Maritime Industries (DCMMI) Chairman, H.E Khamis Juma Buamim.

15 Mar 2015

Drydocks World Chief in Top 50 Maritime Greats' List

khamis juma buamim - chairman - drydocks world and maritime world

Khamis Juma Buamim, Chairman Drydocks World & Maritime world has been recognized by Tanker Shipping & Trade as being among the top 50 most influential people in the tanker industry worldwide & is one of only 4 Chairmen globally to be so recognized. The publications annual survey profiles 50 of the sectors most influential leaders whose range of achievements is broad, covering most, if not all facets of the industry. What is not in doubt is that all those profiled represent outstanding examples of leadership…

04 Mar 2015

UAE Shipping Delegation to Meet with Greek Counterparts

Image: Drydocks World

A delegation of Middle East maritime heavyweights including H.E. Khamis Juma Buamim, chairman & group CEO Drydocks World and Maritime World and Rashid Mohammed Al Habsi, the chief executive of Tasneef, will attend the ‘Maritime Transportation of Energy and Mediterranean Ultra Deep Water Exploration’ event in Athens. On the sidelines of the event, the UAE delegation will meet with various industrial groups from Greece including those specialized in shipbuilding, repair and maintenance…

23 Feb 2015

Buamim Addresses Offshore Support Journal Conference

Courtesy Drydocks World Group and Maritime World

Khamis Juma Buamim, Chairman of Drydocks World Group and Maritime World participated in the "Annual Offshore Support Journal Conference" held from February 17th to 19th 2015, in London. The conference saw good participation from key global and regional speakers in the marine, maritime and shipping sectors. It brought together many of the offshore support industry’s leaders such as major oil companies, shipbuilders, ship-owners, financiers, designers, suppliers and original equipment manufacturers and industry associations.

18 Nov 2014

First LNG Fuelled Tug for Middle East by Wärtsilä

The first LNG fuelled harbour tug in Middle East region will be designed by Wärtsilä and feature a full scope of Wärtsilä solutions.

Drydocks World (DDW) based in Dubai, UAE, has contracted Wärtsilä to design and supply the propulsion and other equipment for a new harbour tug that will operate on liquefied natural gas (LNG). This will be the first harbour tug in the Middle East region to operate on gas. The order was signed in November. The 29-meter-long tug is the first of a series of nine such vessels to be built and operated by DDW. The project is part of a green initiative launched by the Dubai government, and is intended to set an example for promoting environmental sustainability throughout the region.

17 Nov 2014

Drydocks World wins ADIPEC Awards

Drydocks World wins at Abu Dhabi International Petroleum Exhibition & Conference Awards

Drydocks World and Maritime World, the international providers of maritime and offshore services to the shipping, oil, gas, and energy sectors have been awarded the Best Oil & Gas Project Award for outstanding Project Excellence on the SOLAN Project. The gala event was held on the 30th anniversary of Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) at the Emirates Palace, Abu Dhabi on November 10 2014. According to ADIPEC officials, the judging panel received 396 participant entries from over 100 companies across 27 countries.

10 Nov 2014

Drydocks World Wins Maritime Std Awards

Receiving the Shipyard Ship Repair Facility of the Year and the Technology Innovation Awards for the Modular Capture Vessels (MCV’s) project at the Maritime Standard Awards New

Drydocks World the international service provider to the maritime, oil, gas and energy sectors has received the Shipyard/Ship Repair Facility of the Year and the Technology/Innovation Awards for the Modular Capture Vessels(MCV’s) project at the Maritime Standard Awards. The winners were announced at a prestigious awards ceremony on November 6th 2014 at the Atlantis hotel in Dubai. The awards sought out best-in-class organizations, projects, employee safety milestones, goals and safety awareness in the workplace.

26 Oct 2014

Drydocks World to Repair “High Island IV”

The contract signing for the “High Island IV” was  held in Dubai Maritime City in the presence of His Excellency Khamis Juma Buamim, Chairman of Drydocks World and Maritime  World, and Mr. Kurt Hoffman, Chief Operating Offi

Drydocks World, the international service provider to the shipping, maritime, offshore, oil, gas, and energy sectors, has been chosen to carry out the drydocking and repairs of the jack-up “High Island IV” for Shelf Drilling, one of the major players in the shallow water drilling market, and owners of 40 rigs worldwide. Drydocks World-Dubai has a successful past with Shelf Drilling, previously completing a variety of work on six of their rigs, ranging from Saudi Aramco specifications to major upgrades and re-activation.

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