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GEM takes delivery of first in series from Hyundai Mipo

GEM takes delivery of first in series from Hyundai Mipo

Dubai: Product tanker operator Gulf Energy Maritime (GEM) 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 46,000dwt vessel is the 12th in GEM's fast-growing fleet thus reaching 63% 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 GEM ceo Ahmed Essa Hareb Al Falahi. "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."

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 47,000dwt vessel for GEM. With five more new vessels to be delivered within the year, such vessels include one more 47,000dwt type 2 ship, and four larger vessels of 75,000 dwt.  [06/03/09]