GulfNav Forms New Maritime Services Partnership

Image Courtesy: GulfNav

Dubai-based shipping company Gulf Navigation Holding PJSC (GulfNav) has established a strategic partnership with Polimar Turkish Holding in the field of maritime agencies, shipping services and marine products.

Under the agreement GulfNav’s maritime agency fleet will grow from four service boats to ten crews, tugs and offshore support vessels with a value of 3 million USD per vessel.

The companies said that the expected revenue from this partnership, which will provide an integrated set of marine services in the oil, gas, offshore vessels, container liner vessels, bulk carriers, and cruise ships, will be around 27 million USD.

This deal was signed between Gulf Navigation Maritime LLC, a subsidiary of Gulf Navigation Holding Group, and Polimar Turkish Holding. The new joint venture company will be a subsidiary of Gulf Navigation Holding Group and will be headquartered in Dubai starting from this month.

The move comes on the back of an agreement GulfNav signed with Switzerland-based SeaQuest Group in Late December. The company then said that the partnership in ship management, advisory services and marine project management was agreed in an effort to expand GulfNav’s business in the Middle East, Africa and other neighbouring countries through a new company that will be headquartered in Dubai.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2017 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

BARI-SHIP2017

At Bari-Ship you will meet not only the owners and leaders of these companies, but also the entire spectrum of managerial, operational and production staff…

read more >

THE 30TH WORLD PORTS CONFERENCE Enabling Trade Energizing The World

This event is expected to have more than 500 attendees from the field of port, logistics, shipping and maritime industry…

read more >

Canada LNG Conference & Exhibition 2017

The 2017 conference will bring a re-invigorated program across three days focusing on technical innovation, domestic market opportunities…

read more >

9th Annual: UK Ports Conference 2017

The UK Ports Conference returns for the ninth year to provide the latest insights for the ports, shipping and maritime sectors, reviewing…

read more >