ContainersMiddle East

Global Feeder Shipping adds to fleet with panamax acquisition

Dubai-based feeder boxship operator Global Feeder Shipping (GFS) has added to its fleet with the acquisition of 2008-built 3,534 teu boxship Guenther Schulte.

The vessel, acquired from Germany’s Schulte Group, has been renamed GFS Precious and is set to sail on the company’s Jebel Ali – Jeddah service.

According to VesselsValue, GFS paid $55m for the vessel which is slightly more than the online portal’s valuation of $52.61m.

GFS currently lists a fleet of 22 ships on its website. The company took over the liner operations of Dubai-based Simatech in 2018, and mainly provides services in the Middle East Gulf and between the Middle East and the Indian sub-continent.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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