20NOV2018 - NEWS - Dubai based shipping company Gulf Navigation Holding plans to buy four livestock carriers

Dubai based shipping company Gulf Navigation Holding (GulfNav) plans to buy four livestock carriers in an effort to diversify its commercial operations. The company received the green light for the planned acquisition at the board of directors. Earlier this month, the company announced its financial results for the third quarter of 2018 showing that GulfNav suffered a loss of AED 3 million, compared to a profit of AED 12.4 million seen in the corresponding quarter a year earlier. The ships will be bought for AED 420 million.

Published by Editor - www.Livebunkers.com at 20-Nov-2018 06:42:40 [UTC] , contact editor at editor@livebunkers.com