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Gulf Navigation Holding announces its New Building delivery

2010-07-11

Dubai, 8^th July 2010- Gulf Navigation Holding PJSC (DFM: GULFNAV) one of the leading non-state ship owning and maritime services company in the region is pleased to announce the successful delivery of its new building “ Stolt Gulf Mirdif” on July 7^th from Korea. The vessel is a Chemical Carrier of 46,000 TDW capable of carrying all types of oil and chemicals and will be owned by Gulf Stolt Tankers a Joint Venture between Stolt Nielsen and Gulf Navigation. The vessel  s the third in the series of 4 vessels that were previously acquired jointly between the parties.

Being capable of carrying 29 different grades of cargo in its zinc and Epoxy coated cargo tanks the vessel is among the most sophisticated of its kind and has immediately commenced its service under the Stolt Joint Tankers Services (SJTS).