07 March 2009
MUSCAT -- Gulf Energy Maritime (GEM), a joint venture subsidiary of the state-owned Oman Oil Company SAOC, has taken delivery of the first out of six new vessels scheduled for delivery this year from Korea's Hyundai Mipo Dockyard (HMD), one of the world's largest ship builders. Named Gulf Muttrah, the IMO II-N2 type 46,000 dwt vessel is the twelfth in GEM's fast-growing fleet thus reaching 63 per cent of all its newbuilding acquisitions. "With Gulf Muttrah's delivery, another high quality vessel from HMD, we are achieving all the targets set for 2009," said Ahmed Essa Hareb al Falahi, CEO, GEM.
"As the first of six new GEM vessels scheduled for delivery from HMD this year, we continue to be on the course of providing the market with safe, reliable and environment-conscious tonnage. As in the previous deliveries, Gulf Muttrah's design and build are consistent with the highest standards of safety and quality -- something we have consistently adhered to for all our ships -- all for the benefit of our customers, the environment and our staff." GEM also has on order two Aframax vessels from Samsung Heavy Industries with a capacity of 114,700 DWT each are of Large Range 2 (LR2) specification -- capable of carrying both clean petroleum products and dirty products such as crude and fuel oil, and scheduled for delivery in 2011.
After the delivery of Gulf Baynunah and Gulf Jumeirah in 2008, Gulf Muttrah is the third new IMO II N2 type 47,000 dwt vessel for GEM. With five more new vessels to be delivered within the year, such vessels include one more 47,000 dwt type 2 ship, and four larger vessels of 75,000 dwt. Headquartered in Dubai, GEM is the Middle East's largest independent, commercial product tanker operator and boasts the world's most modern Product and Chemical tanker fleet. Established four years ago, GEM has built an asset value now standing at $ 1.3 billion.
The company is a joint venture partnership between Dubai's Emirates National Oil Company (ENOC), Abu Dhabi's International Petroleum Investment Company (IPIC), Oman Oil Company (OOC) and Thales of France under the UAE Offsets programme. GEM is certified by Lloyd's Register Quality Assurance to the ISO 9001-2000 Quality Management System and ISO 14001-2004 Environment Management System for the operational and technical management of a fleet of petroleum and chemical tankers trading worldwide. These also incorporate the pollution prevention requirements of the International Marine Organization's ISM Code.
MUSCAT -- Gulf Energy Maritime (GEM), a joint venture subsidiary of the state-owned Oman Oil Company SAOC, has taken delivery of the first out of six new vessels scheduled for delivery this year from Korea's Hyundai Mipo Dockyard (HMD), one of the world's largest ship builders. Named Gulf Muttrah, the IMO II-N2 type 46,000 dwt vessel is the twelfth in GEM's fast-growing fleet thus reaching 63 per cent of all its newbuilding acquisitions. "With Gulf Muttrah's delivery, another high quality vessel from HMD, we are achieving all the targets set for 2009," said Ahmed Essa Hareb al Falahi, CEO, GEM.
"As the first of six new GEM vessels scheduled for delivery from HMD this year, we continue to be on the course of providing the market with safe, reliable and environment-conscious tonnage. As in the previous deliveries, Gulf Muttrah's design and build are consistent with the highest standards of safety and quality -- something we have consistently adhered to for all our ships -- all for the benefit of our customers, the environment and our staff." GEM also has on order two Aframax vessels from Samsung Heavy Industries with a capacity of 114,700 DWT each are of Large Range 2 (LR2) specification -- capable of carrying both clean petroleum products and dirty products such as crude and fuel oil, and scheduled for delivery in 2011.
After the delivery of Gulf Baynunah and Gulf Jumeirah in 2008, Gulf Muttrah is the third new IMO II N2 type 47,000 dwt vessel for GEM. With five more new vessels to be delivered within the year, such vessels include one more 47,000 dwt type 2 ship, and four larger vessels of 75,000 dwt. Headquartered in Dubai, GEM is the Middle East's largest independent, commercial product tanker operator and boasts the world's most modern Product and Chemical tanker fleet. Established four years ago, GEM has built an asset value now standing at $ 1.3 billion.
The company is a joint venture partnership between Dubai's Emirates National Oil Company (ENOC), Abu Dhabi's International Petroleum Investment Company (IPIC), Oman Oil Company (OOC) and Thales of France under the UAE Offsets programme. GEM is certified by Lloyd's Register Quality Assurance to the ISO 9001-2000 Quality Management System and ISO 14001-2004 Environment Management System for the operational and technical management of a fleet of petroleum and chemical tankers trading worldwide. These also incorporate the pollution prevention requirements of the International Marine Organization's ISM Code.
By Staff Reporter
© Oman Daily Observer 2009
