Middle East Economic Survey
VOL. LII
No 19
11-May-2009
UAE
GEM Takes Delivery Of Tanker, Financed Via First Gulf Bank Loan
Gulf Energy Maritime (GEM), an independent regional shipping company, has taken delivery of Gulf Muttrah, a 47,000 dwt oil and chemical product tanker built by Hyundai Mipo Dockyard Company (HMD). The financing for the tanker was solely undertaken by the UAEs First Gulf Bank (FGB), as part of a $90mn term facility to finance the construction and purchase of two vessels. Further...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!