The shipping company Gulf Navigation Holdings (GNH) in Dubai has announced the upcoming formation of a joint venture in Saudi Arabia in the field of Very Large Crude Carrier (VLCC). The new company will be listed on the Saudi stock market, will initially have the properties of four VLCC ships and will expand its fleet to nine by 2015.
The four VLCC will be the initial Gulf Sheba, built in 2007, and the Gulf Eyadah, built in 2006, which have been chartered for two years to over 100 million dirhams (27.2 million dollars), and that the two new VLCC Gulf Navigation has ordered China Zhoushan Jinhaiwan Shipyard shipyard, with delivery in 2012 and 2013, which will be leased for 10 years at the Grand China Logistics Holding (Group) Co. for more than a billion dirhams ( ofApril 21, 2011).
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The shipping company Gulf Navigation Holdings (GNH) in Dubai has announced the upcoming formation of a joint venture in Saudi Arabia in the field of Very Large Crude Carrier (VLCC). The new company will be listed on the Saudi stock market, will initially have the properties of four VLCC ships and will expand its fleet to nine by 2015. 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
