South Korea: Samsung Heavy Delivers Aframax Tanker Gulf Vision

As the Middle East’s largest independent commercial product tanker operator took delivery of its 18th vessel and its first-ever Aframax vessel from Samsung Heavy Industries’ shipyard, Saeed Khoory, Chairman of the Board of GEM indicated that while the oil tanker market continues to struggle in sailing through the ‘rough seas’ brought about by a global economic recession, it is also imperative to continue, even in a cautious approach, product development and offering.

“This is indeed a historic and eventful day for Gulf Energy Maritime,” said Saeed Khoory, Chairman of the Board of Directors of GEM, as he led dignitaries and other company officials at the ship delivery event. “Our philosophy of ‘excellence across oceans’ has been the key to our continued success. The delivery of Gulf Vision and its entry into GEM’s fleet is indicative of our unrelenting commitment to such philosophy and of GEM’s responsiveness to the needs and requirements of our customers and the market.”

Gulf Vision, a 114,700-dwt Aframax vessel with Large Range 2 specification, is capable of carrying both clean petroleum products and dirty products such as crude and fuel oil.

GEM is certified by Lloyd’s Register Quality Assurance to the ISO 9001-2000 Quality Management System and ISO 14001-2004 Environment Management System for the operational and technical management of its fleet.

[mappress]

Press Release, October 15, 2012