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GEM takes delivery of Gulf Mews

Dubai , July 14, 2007

Gulf Energy Maritime (GEM) has received delivery of the fourth of 13 tankers on order with Korea's Hyundai Mipo Dockyard (HMD).

The second M-Class carrier to be delivered in a month, the $55 million Gulf Mews, an IMO II N2 type, 37,000 dwt multi-purpose (M-Class) vessel, cements the Dubai-headquartered company's drive to climb the global top tanker operator list.

'With Gulf Mews' delivery - our third ship this year - we have now reached the 10th ship delivery milestone in 32 months since inception, a feat very few companies in the Middle East, or the world, can emulate. Our eventual 19-strong fleet will be worth $1.1 billion,' said CEO, GEM, Ahmed Essa Hareb Al Falahi.

'With nine more ships worth $ 480 million to be delivered before end of 2009 GEM's standing in the worldwide multi-trillion dollar tanker operator market is extremely remarkable,' he added.

Gulf Mews will have all the latest IMO stipulated mechanisms, processes and technology including an inert gas plant for full discharge capacity of the vessel - a prerequisite for oil majors.

GEM is certified by Lloyd's Register Quality Assurance to the ISO-2000 Quality Management System and ISO 14001-2004 Environment Management System for the operational and technical management of its fleet.Trade Arabia News Service




Tags: Gulf Energy Maritime |

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