• 2018 January 19 13:32

    Gulf Navigation adds “Gulf Mishref” and “Gulf Mirdif” to its fleet

    Less than a month after increasing its capital to AED 1 billion through an Initial Public Offering (IPO), “Gulf Navigation Holding” PJSC has  announced  that it is  refinancing  “Gulf Mishref” and “Gulf Mirdif” petrochemical carriers, the company said in its press release.

    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.

    This has  reflected positively on the value of the company's assets, which  jumped from AED 958,956  to AED1,081,948,  an increase of  13% equal to  AED 123 million.

    Both vessels have the capacity to carry over 26,000 tonnes  each of chemical cargo and each of them has 29 separate tanks. The two carriers can therefore meet demands for long - haul transportation of petrochemicals and miscellaneous petroleum products. The two vessels operate on  the East Coast of the United States and the Gulf of Mexico and further  trips between the West  African coast and Europe.

    The company will continue to increase its assets and expand its fleet to 20  vessels  by 2020. Raising  the capital through the company's IPO of AED 1 billion provide s continuous liquidity to enhance the  company's ability to expand.  When  it  completes its fleet and operational equipment  expansion plan,  the company  will become one of the largest comprehensive  stops in all areas of marine services , and  will be better able to achieve its strategy and goals by 2021.

    About Gulf Navigation Holding: 

    Gulf Navigation Holding PJSC (GNH ) is a fully integrated and synergized organization with a multi - functional business. It is the only maritime and shipping company listed in the Dubai Financial  Market since February 2007 under the symbol “GULFNAV”. The company is headquartered in  Dubai, with own branch offices inside port of Fujairah, Khorfakkan, Abu Dhabi and overseas office in the Kingdom of Saudi Arabia in addition to other offices in more than 9 countries worldwide.  GNH owns and operates a fleet of Chemical Tankers and Offshore Vessels. The company’s fleet is expected to double (20 ships) by Q2, 2020. 




2018 May 21

15:31 Vympel Shipyard launches 75th Mangust patrol boat for Russian FSB Border Service (photo)
15:00 Marine Recruiting Agency starts implementing a package of educational software for UCL Holding companies
14:29 Average wholesale prices for М-100 HFO up to RUB 6,326 in RF spot market
14:03 'Sulphur cap chaos in 2020' warn world’s shipowners - ICS
13:57 BMT supports installation of Kriegers Flak Foundations
13:53 Multipurpose Reloading Complex doubles its investments in development
13:27 Financial report of Azerbaijan Caspian Shipping Company receives positive review
12:58 Tallink wins prestigious tourism award at Asia’s biggest tourism fair ITB China
12:29 IMO supported Regional Workshop for Latin-American countries to implement treaties dealing with liability and compensation
11:56 Vladimir Serebrennikov elected as Director General of Arkhangelsk Sea Commercial Port
11:20 FESCO reduces delivery time from Republic of Korea to Russia from 23 to 15 days
10:31 Water Transport newspaper celebrates its centenary on 31 May 2018 at Boris Yeltsin Presidential Library
10:08 MOL starts selling of new "Viable Organism Analyzer" for ballast water
10:02 Brent Crude futures price up 0.7% to $79.06, Light Sweet Crude – up 0.69% to $71.86
09:38 NOVATEK creates Maritime Arctic Transport Company
09:17 Baltic Dry Index down to 1,273 points

2018 May 20

09:21 Hapag-Lloyd announces FAK rates from North Europe to Caribbean, Central America and South America West Coast
09:19 EU Ambassadors visit Peru’s largest multipurpose terminal
09:16 SEA\LNG bolsters its knowledge base with the addition of MAN Diesel & Turbo
09:13 Finnlines starts new direct service between Helsinki and Aarhus
09:11 Canadian Coast Guard selects ABS for fleetwide contract

2018 May 19

10:56 CMA CGM announces FAK rates from Asia to North Africa
10:01 CMA CGM announces PSS from Nigeria to India and Vietnam
07:50 Port of Kiel welcomes “Saga Sapphire” maiden visit
07:47 The “GRANDE HALIFAX” christened in Halifax

2018 May 18

18:00 Denis Manturov appointed as the Minister of Industry and Trade of the Russian Federation
17:44 Port of Hamburg posts Q1 2018 results
17:39 Yevgeny Ditrikh appointed as the Minister of Transport of the Russian Federation (photo)
17:38 Seaspan accepts delivery of third 10000 TEU SAVER containership in four ship series
17:35 Prosafe extends standstill agreement with Cosco
17:17 Okskaya Sudoverf delivered Belmax 1, first non-self-propelled tank barge of Project ROB20
16:51 Special event on ports at IMO Headquarters will focus on single window, ports and logistics
16:35 Port of Hamburg receives ‘Best Global Seaport’ award
16:05 IMO begins scoping exercise on autonomous vessels
15:42 Brand-new jetty at Rotterdam LBC Tank Terminals ready for vessels
15:40 HELCOM group meets in Riga to discuss nutrients from land-based sources
15:39 Multimillion pound investment continues in Grangemouth, Scotland's premier port
15:38 India benefits from IMO training on port emissions
15:11 Nevsky Shipyard starts sea trials of medium sea tanker of project 23130 (photo)
14:44 Star Marine takes delivery of RAstar 3400 quartet
13:53 Ladozhsky Bridge in the Leningrad Region drawn twice to let PORT FLEET’s tugboats through
13:47 Eniram signs MoU with Arista Shipping to participate in Project Forward for developing new generation of bulk carriers
13:29 Statoil ASA changes name to Equinor ASA
13:00 Cargo turnover at inland water ways of Azov-Don Basin down 12.7% to 606,000 tonnes
12:42 ABS to provide class and certification services for the entire Canadian Coast Guard fleet
11:57 Astrakhan branch of Zvyozdochka shipyard launches rescue towboat for RF Defence Ministry (photo)
11:35 Huntington Ingalls authenticates keel of submarine Montana (SSN 794)
11:18 Akademik Lomonosov FPU arrives in the Kola Bay (photo)
11:03 UAE signs MoU with ITF
10:32 Throughput of port Kaliningrad in 4M’18 up 10% Y-o-Y to 4.71 million tonnes
10:30 Scorpio Tankers announces sale and leaseback agreements for five product tankers
10:13 Brent Crude futures price up 0.30% to $79.54, Light Sweet Crude – up 0.21% to $71.64
09:56 ZNT Yard launched the lead hydrographic survey vessel and lays down two more HSVs (photo)
09:17 Baltic Dry Index fell to 1,305 points

2018 May 17

18:05 Technava and Propulsion Analytics join forces for providing management solutions to the shipping industry in Greece and Cyprus
17:54 Throughput of port Taganrog in Jan-Apr'18 up 39.8% to 1.46 million tonnes
17:35 EUROGATE chosen as “Best Green Container Terminal Operator 2018”
17:19 Throughput of port Vyborg in 4M’18 up 22% Y-o-Y to 417,000 tonnes
17:05 Costa Group and Marseille Fos Port announce partnership
16:48 Throughput of Rostov-on-Don port in 4M’18 up 29% Y-o-Y to 5.5 0 million tonnes