Middle East Economic Survey
VOL. XLVIII
No 46
14-November-2005
UAE
GEM Receives Last Of Four Tankers On Order
Dubai-based Gulf Energy Maritime (GEM) on 7 November took delivery of the last of four oil tankers on order from South Koreas Hyundai Heavy Industries (HHI). The new panamax double-hulled tanker, Gulf Coast, was completed approximately three months ahead of schedule and will go into service with Glencore (Charters) as part of a three-year deal. On 26 September, GEM took delivery of its...
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