Sunday 21 September 2014
 
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Gulf Navigation

Gulf Navigation cuts capital, eyes new expansion

UAE shipper Gulf Navigation said on Wednesday it had cut its capital by two-thirds and written off accumulated losses worth 1.1 billion dirhams ($300 million), key parts of a turnaround plan designed to solve its debt problems. Th

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Gulf Navigation to write off $300m losses

Dubai's Gulf Navigation received shareholder backing to continue operating as well as approval for measures aimed at fixing its long-standing debt problems, including a write-off of accumulated losses and a convertible bond issue.

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Gulf Navigation H1 profit drops 89pc

Gulf Navigation Holding, a leading maritime services company, has posted a net profit of Dh10.18 million ($2.77 million) for the first half of 2009, a drop of 89 per cent compared to Dh92.96 million during the same period of 2008. Revenues

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Gulf Navigation takes tanker delivery

Gulf Navigation Holding said it has taken delivery of the Gulf Jalmuda a newly-built tanker constructed at the Hyundai Mipo Dockyard in Ulsan, South Korea. The Gulf Jalmuda was officially inaugurated at a ceremony held at jebel Ali Port in

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Gulf Navigation, Stolt-Nielsen in tanker JV

Gulf Navigation Holding has entered into two 50/50 joint ventures with Stolt-Nielsen Indian Ocean Middle East Service Limited, a wholly-owned subsidiary of Stolt-Nielsen SA (SNSA). The first joint venture, Gulf Stolt Tankers, will own thr

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Gulfnav buys supertanker for $109m

Gulf Navigation Holding (Gulfnav) has purchased Gulf Sheba, a 300,000 deadweight tonnes very large crude carrier (VLCC). This addition to its fleet confirms the company as a regional leader in shipping and marine services with global oper

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