Page 11: of Maritime Reporter Magazine (March 2013)

U.S. Coast Guard Annual

Read this page in Pdf, Flash or Html5 edition of March 2013 Maritime Reporter Magazine 11Gulf Energy Maritime (GEM) contin- ues to expand its ß eet with the delivery of Gulf Valour, its second Aframax ves- sel. After two months since the delivery of Gulf Vision, its Þ rst Aframax vessel, GEM received Gulf Valour, which was also built by Samsung Heavy Industries. Standard Chartered arranged a Korean Export Credit Agency (ECA) to back the vessel?s Þ nancing.The delivery of GEM?s second Afra- max vessel reß ects GEM?s leadership of responding to the market?s requirement as the industry gradually improves from the impact of the global Þ nancial crisis. ?Prior to the delivery of Gulf Vision, we have been cautious but optimistic on the tanker market. As such, we have con- stantly maintained our product develop-ment and offering as we aim to be a step ahead once the market stabilizes and recovers,? said Ahmed Al Falahi, CEO of GEM. ?It is indeed another milestone for GEM to receive Gulf Valour as we remain steadfast with our commitment of excellence across oceans and respon-siveness to the needs of our customers and the market.? Other VIPs and dignitaries present at the ship delivery event were Cap-tain Robert Ferguson, GEM?s Head of MSEQ; Ovijit Roy, GEM?s Head of Fleet; and Krunal Bhatt, Director Origi-nation and Client Coverage of Standard Chartered Bank. Gulf Valour, like Gulf Vision, is equipped with state-of-the-art equipment that meets all international environment safety requirements with a capacity of 114,700 DWT, capable of carrying both clean petroleum products and dirty prod-ucts.Gulf Valour joins GEM?s existing ß eet which is currently composed of one Aframax, nine modern Panamax tank-ers, six MR tankers and three Handysize tankers. Aframax Tanker to Gulf Energy Maritime C.H. Park, Chief Technology OfÞ cer of Samsung Heavy Industries; Ahmed Al Falahi, CEO of GEM; Captain Robert Ferguson, GEMÕs Head of MSEQ; and Ovijit Roy, GEMÕs Head of Fleet. MR #3 (10-17).indd 11MR #3 (10-17).indd 113/1/2013 2:20:40 PM3/1/2013 2:20:40 PM

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First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.