Gulf Navigation adds chemical tanker
Gulf Navigation Holding said it has taken delivery of a new chemical tanker, the Gulf Deffi.
The Dubai-based company said the ship was built at the Hyundai Mipo Dockyard in Ulsan, South Korea. Built at a cost of $55 million, the Gulf Deffi has a 45,951 metric-deadweight-ton capacity divided among 20 specially coated cargo tanks so that it is capable of carrying a broad range of petrochemical products.
After delivery the vessel will be handed over to International Shipping Co., a subsidiary of The Saudi Basic Industries Corp. (SABIC) on a 15-year time charter. It is the third of four it is delivering to SABIC.
Abdullah Al Shuraim, chairman of Gulf Navigation Holding PJSC, said the vessel was contracted to meet robust demand for such chemical tankers.
“Chemical tanker sector continues to be the healthiest sector in the entire industry with steady growth. The firmness and high performance of the chemical tanker sector continues to offset any decline in the other sectors,” he said.
Gulf Navigation owns and operates crude, clean petroleum product and chemical tankers. The company owns 19 tankers and charters VLCCs, chemical and product tankers.