Middle East

Dutch court rejects DNB’s Gulf Navigation claims

 

Dubai: A Dutch court has rejected a creditor bank’s request to sell the tanker Gulf Sheba owned by Gulf Navigation. The court has asked the bank, DNB, to negotiate with struggling Gulf Navigation instead over the coming month.

The court acknowledged that Gulf Navigation was trying to sell the tanker and was trying to negotiate with the bank. The VLCC was arrested last month in Rootterdam. Gulf Navigation has since said it is keen to exit the VLCC trades completely.  [03/10/2013]

 
RELATED STORIES:
 

Splash

Splash is Asia Shipping Media’s flagship title offering timely, informed and global news from the maritime industry 24/7.
Back to top button