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Gulf Navigation, $40m ship deal
- United Arab Emirates: Saturday, July 29 - 2006 at 07:23
Gulf Navigation Holding signed a time charter agreement worth $40m for three ships with Swiss firm ST Shipping and Trading. Gulf Navigation will lease two ships to ST for up to two years on a long-term fixed rate basis, and a third at floating market rate with a fixed minimum charter rate, according to a company statement.
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James McInerney, News EditorSaturday, July 29 - 2006 at 07:23 UAE local time (GMT+4)
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This article was updated on Thu Sep 07 2006.
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