GEM takes first ship of big order

Burridge, Elaine
November 2006
ICIS Chemical Business;11/27/2006, Vol. 1 Issue 45, p32
Trade Publication
This article reports that Dubai, United Arab Emirates' Gulf Energy Maritime (GEM) has received the first of 13 double-hulled tankers ordered from South Korea's Hyundai Mipo shipyard. The $55 million Gulf Esprit has a deadweight tonnage of 47,000 and will go into time charter with Oman Methanol, a subsidiary of Oman's Omzest Group, under a 15-year deal. GEM has an agreement with Omzest to supply vessels for its $400 million methanol plant in Sohar.


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