Abu Dhabi’s Goldilocks buys into Gulf Navigation

Abu Dhabi’s Goldilocks buys into Gulf Navigation

Goldilocks Investment, part of Abu Dhabi Financial Group (ADFG), has bought an 18.32% stake in Dubai-listed chemical tanker operator Gulf Navigation Holding, its latest acquisition in a struggling shipping entity.

“Goldilocks will be actively collaborating with the management and the board of Gulf Navigation in order to drive an enhanced business performance,” it said.

Goldilocks is also a major investor in Noble Group, the embattled Hong Kong commodities trading house.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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