Dubai-based shipping company Gulf Navigation (GulfNav) has announced relatively disappointing financial results for 2024, with a net loss of AED 20 million. This downturn, after several years of recovery, is attributed by the company to “strategic decisions and investments aimed at strengthening long-term operational capabilities”
In particular over the past year the company undertook maintenance and upgrade work on several vessels, reinforcing their longevity and ensuring compliance with...
https://www.themaritimestandard.com/loss-making-year-for-gulfnav/