Gulf Navigation Holding

Gulf Navigation Holding is a Dubai-based shipping company listed on the Dubai Financial Market. It was established in the mid-2000s and became one of the few publicly listed shipping companies in the UAE.

The company operates vessels that carry oil products and chemicals, and it has provided offshore and marine support services. Tankers and chemical carriers move petroleum products and liquid chemicals between ports, an important business in a region that is a major energy producer.

Shipping companies earn revenue through charter contracts, in which vessels are hired out to traders, oil companies and other shipping firms for a set period or voyage.

The shipping industry is cyclical, with charter rates rising and falling with global trade, fuel prices and the supply of ships, which can make results volatile.

Gulf Navigation has gone through periods of restructuring and changes in strategy, as many shipping companies have done in response to market conditions.

Dubai's ports, ship repair yards and maritime services make the emirate a natural base for shipping companies, and Fujairah's bunkering hub is one of the largest in the world.

Startups UAE lists Gulf Navigation Holding among the UAE's shipping companies.