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 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.
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 (GulfNav) has announced that all debts with Nordic American Tankers (NAT) have been paid as part of a new settlement agreement.
Gulf Navigation Maritime has signed an agreement with Dana Gas to provide services for the Zora Gas Field project.
Gulf Navigation Holding is urging its shareholders to get in touch to collect dividends amassed from previous years.
Gulf Navigation Holding signs settlement agreement with Nordic American Tankers Limited, one of its primary creditors.