Dubai: Gulf Navigation Holding has announced that it has taken delivery of the Gulf Fanatir a newly built vessel constructed at the Hyundai Mipo Dockyard in Ulsan, South Korea.
Contracted at a cost of US$54.35m the ship is the first of a series of four sophisticated chemical carriers ordered by Gulf Navigation. With deadweight of 46,200 metric tonnes, a capacity of 54,300 cubic metres, 20 specially coated cargo tanks and classed as an IMO Type II chemical carrier she will have the capability of carrying a broad range of petrochemical products.
The vessel after delivery will be handed over to International Shipping Company, a subsidiary of SABIC on a fifteen year time charter. This is the first of four vessels that will be chartered to SABIC for fifteen years. [5/4/08]
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