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04/12/2016 08:11 AST
Gulf Navigation is considering a significant overhaul in conjunction with two major Chinese shipping firms that will involve expansion into new operating lines, including shipbuilding, and ship repair through new facilities in the Northern Emirates.
The Dubai-based shipping firm said yesterday that it had initiated feasibility studies to expand its operations in Khorfakkan and Fujairah, in conjunction with China's Wuchang Shipbuilding Industry Group and Qingdao Beihai Shipbuilding Heavy Industry.
The new facilities will offer services such as shipbuilding, ship repair and offshore platforms, marine specialised operations and global mobile ship repair.
"The eastern coast of the UAE is considered one of the most important trade routes in the world and berthing areas, and it is the world's second leader in the supply and ship refuelling and bunkering," the company said yesterday.
"Gulf Navigation intends to tap this potential."
The first phase of the new project, the timing of which is unclear, will include a new floating dock facility, as well as the development of specialised mobile cranes working remotely for all types of ships and offshore platforms, the company said.
The National
19/03/2018
Milaha (Qatar Navigation) will undertake selective international expansion and cost optimisation with a plan to strengthen the domestic operations this year as part of strategies to generate higher r
Gulf Times
27/02/2018
Qatar Navigation (Milaha) yesterday announced a net profit of QR470m for the full-year 2017. Operating revenues decreased by 2 percent to QR2.491bn for the twelve months ended December 31, 2017, dow
The Peninsula
20/06/2016
Qatar Navigation (Milaha) has reached a preliminary agreement to buy Qatar Petroleum's stake in oilfield services firm Al Shaheen Holding, Milaha said in a bourse filing on Sunday. Qatar Petroleum hi
Gulfnews
| Ticker | Price | Change |
|---|---|---|
| QGTS | 4.32 | -0.01 (-0.33 |
| SAL | 279.40 | -1.20 (-0.43 |
| SGS | 51.00 | 0.70 (1.39 |
| BUDGETSAUDI | 84.80 | 0.00 (0.00 |
| LUMI | 77.50 | 0.70 (0.91 |
13/01/2025
Aldar Properties, Abu Dhabi's biggest listed developer, has raised Dh9 billion ($2.45 billion) in a sustainability-linked revolving credit facility from a syndicate of 15 UAE-based and international
The National
12/01/2025
Ooredoo announced on Sunday the appointment of Sheikh Nasser bin Hamad al-Thani as the new chairman of Ooredoo Kuwait.
Most recently, Sheikh Nasser was appointed as Group Regional CEO for th
11/01/2025
One of the fastest-growing logistics businesses in Mena region, GWC has marked "20 years of excellence and innovation", achieved significant milestones and won prestigious awards, solidifying its pos
Gulf Times
11/01/2025
Almarai, the world's largest vertically integrated dairy company and the world's fourth most valuable dairy brand in 2024, has successfully implemented RISE with SAP on Google Cloud. This milestone m
Saudi Gazette
05/01/2025
Elm, a pioneer in digital solutions, enhanced its brand identity, reflecting the company's ambitious and prominent objective. Leveraging comprehensive knowledge, a forward-thinking mindset, and a pro
Financial Information Co.