View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
August 31, 2010

Gulf Navigation Plans to Buy Oil Tankers

Gulf Navigation Holding will purchase two very large crude carriers (VLCC) this year. The company said the tankers will cost $95m-$105m. Gulf Navigation expects the carriers to be delivered before 2013, according to Bloomberg. The company owns one VLCC and a Suez-max class

By cms admin

Gulf Navigation Holding will purchase two very large crude carriers (VLCC) this year.

The company said the tankers will cost $95m-$105m.

Gulf Navigation expects the carriers to be delivered before 2013, according to Bloomberg.

The company owns one VLCC and a Suez-max class crude tanker, which is capable of shipping one million barrels of crude oil.

Gulf Navigation said the rise in oil output requires 45 VLCCs for crude supply next year.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Ship Technology