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Saturday, 17 December 2016

Gulf Navigation reaches deal to charter out new fleet of tankers | The National

Gulf Navigation reaches deal to charter out new fleet of tankers | The National:
"Gulf Navigation has struck a deal to charter out a new fleet of tankers, as it strives to conquer its debts by the end of the year.

In a statement to investors on Saturday, the Dubai-listed company said that under the terms of the deal it would acquire or order up to 12 new vessels of between 50,000 metric dead weight tonnes (dwt) and 120,000 dwt, which would be chartered to Mena Energy for carrying crude oil and petroleum products.


Gulf Navigation did not say how much would be paid for chartering the tankers to Mena Energy, or for how long they would be chartered.

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