UAE company Gulf Energy Maritime has named its new US$55 million ship at a ceremony in Korea.
The Gulf Esprit is the first of 13 double-hulled tankers ordered by Dubai-headquartered Gulf Energy Maritime (GEM).
The 47,000 dwt Gulf Esprit is the seventh double-hulled tanker in GEM’s rapidly growing fleet.
The company is to receive another 12 hi-specification vessels with an order book value of $570 million by the end of 2009.
GEM has one of the youngest fleets in operation.
GEM’s asset value stands at $1.1 billion.
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