gulf navigation

Gulf Navigation Holding records 19% revenue growth in first 9 months of 2019
The decline in the company’s financial performance is due to the high operating costs of vessels coupled with lower asset utilisation in the quarter
Gulf Navigation Holding announced 19% revenue growth in Q1 despite dip into red
This represents a year-on-year increase of 19%, but still resulted in a net loss of AED 11 million in Q1 2019 compared to profits of AED 5 million during the same period last year.
Gulf Navigation dips into red as it upgrades fleet to meet new IMO standards
The upgrade will equip GulfNav vessels with state-of-the-art technologies that will reduce operational expenses.
GulfNav appoints co-book runner for AED448m rights issue
Gulf Navigation Holding has appointed Al Ramz Corporation Investment and Development, listed in the Dubai Financial Market, as a co-bookrunner to manage its rights issue in order to increase its capital to AED 1 billion.
GulfNav looking to expand in GCC with major acquisition
Gulf Navigation Holding (GulfNav) is in discussions to acquire a majority stake in Atlantic Navigation Holding, an integrated offshore supply operation in the region.
Gulf Navigation expands fleet, develops shipyard in Khor Fakkan
Dubai-based Gulf Navigation Holding has embarked on an ambitious fleet expansion programme that aims to increase the size of its fleet to 36 ships by 2021.
Former Drydocks World chairman Buamim joins GulfNav
Dubai-based shipping company Gulf Navigation Holding has appointed former Drydocks World chairman Khamis Juma Buamim as the new managing director and group CEO.
Dubai-based GulfNav appoints new CEO
Gulf Navigation Holding has confirmed the appointment of Parag Jain as the company’s new chief executive officer.
GULFNAV urges investors to collect unclaimed dividends
Gulf Navigation Holding is urging its shareholders to get in touch to collect dividends amassed from previous years.
GulfNav settles with Nordic American Tankers creditors
Gulf Navigation Holding signs settlement agreement with Nordic American Tankers Limited, one of its primary creditors.
Gulf Navigation exits VLCC business
Decision comes a week after VLCC Gulf Sheba was arrested in Rotterdam.
Gulf Navigation cancels order with shipbuilder
Dubai-based company cancels newbuild contract with SLS Shipbuilding.

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