Gulf Energy Maritime puts its handysize tankers up for sale

Gulf Energy Maritime puts its handysize tankers up for sale

Dubai’s Gulf Energy Maritime (GEM) has put three chemical tankers up for sale. The sister ships Gulf Moon, Gulf Mist and Gulf Mews are all zinc coated, 37,000 dwt tankers built at Hyundai Mipo in South Korea 11 years ago. The sale would mark GEM’s exit from the handysize tanker sector.

GEM’s fleet consists of 19 vessels spread across different vessel classes including LR2s, LR1s and nine chemical and product tankers. The company’s shareholders include two UAE oil firms as well as Oman Oil Company.

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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