SERVICES

GulfNav to acquire large shipping fleet

Dubai - Khamis Juma Buamim added that more information will be revealed at the completion of the acquisition.

Dubai - In line with its future expansion plans and with the support of its board, the Gulf Navigation Holding has signed a strategic contract with Deloitte to provide the necessary advisory support to Gulf Navigation in the upcoming acquisition of a large shipping fleet. Khamis Juma Buamim – the Board Member, Managing Director and Group CEO – has said in his comments, “This upcoming acquisition represents an important step towards achieving the company’s strategic goal in being a reliable arm for the maritime industry in the UAE and the region. With the completion of this acquisition, Gulf Navigation Holding will witness an unprecedented expansion of its shipping fleet, ship management services and other maritime services’. Khamis further informed that ‘ by this Gulf Navigation will become a competitive provider of a wide range of services to the maritime industry in the region. Our services will expand beyond chemical carriers by including other ship types, off shore services, shipping services as well as ship building and repair.” Khamis Juma Buamim added that more information will be revealed at the completion of the acquisition.
Source: Gulf Today

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