Gulf Navigation Holding (Gulf Nav), the Dubai Financial Market-listed maritime and shipping company, has set up a new joint venture (JV) with Scorpio Services Holding, an associate company of the New York Stock Exchange-listed tanker company Scorpio Tanker Inc, under the name Black Marlin Ship Management & Operation
The new entity, Black Marlin Ship Management & Operation (Black Marlin) shares an office in Dubai with Gulf Nav.
Black Marlin was formed to combine proven methods in ship management with best-in-class tools in data analytics, sustainability and regulatory compliance to drive superior commercial returns for vessel owners.
The venture was launched in December 2023 with eight tankers, four from each partner.
Gulf Nav has contributed tankers Gulf Deffi, Gulf Jalmuda, Gulf Huwaylat and Gulf Fanatir.
Scorpio Tankers has injected four product tankers which the company has recently purchased outright from the lease finance company: STI Donald C Trauscht, STI San Telmo, STI Esles II, and STI Jardins.
Gulf Nav chief executive Ahmad Kilani welcomed the agreement and said, “We are excited to be working with SSH. This co-operation will integrate the superior resources and technical strength of the two sides, strengthen the technical management and intelligent quality control system of ship operations, improve the benefit and efficiency of ship operations management, fill the gap in domestic high-end comprehensive maritime services, and provide higher-quality and more efficient services for our clients”.
Scorpio MENA managing director Ugo Romano was equally enthusiastic at the launch of Black Marlin, “This venture is fully aligned with the future goals and vision we have for SSH. The seascape for technical management has never been so complex, given the need for energy efficiency, the dynamic expectations of regulators and end-users, and the imperative of assembling the right team of motivated professionals, both onboard and ashore, who can drive results. We believe that with the excellent management team of Gulf Nav, their astute business practices and honourable ethical standards, they are a perfect partner for us.”
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