(EnergyAsia, April 20) — Energy tanker company Gulf Energy Maritime (GEM) recently obtained a US$90 million loan agreement from Dubai’s Mashreqbank for the purchase of two new product and chemical tankers. The Gulf Baynunah and Gulf Jumeirah, both 47,000 DWT, high specification double-hulled product/chemical tankers, are to be delivered by 2009. GEM CEO…
UAE: Gulf Energy, Mashreqbank sign US$90 million loan agreement
Posted on April 20, 2006 by EnergyAsia