GulfNav同NAT签订新结算协议

GulfNav and NAT have signed a new settlement agreement and the long standing debt that GulfNav owed to NAT has now been settled fully and finally pursuant to the terms. GulfNav’s new management are working intensively to clear all historical liabilities and backlog in order to give the company a new leash of life whereby new horizons of maritime and shipping business can be explored on a more positive footing, said a statement from the company. This settlement and clearing of liability with NAT marks a fresh start, and it is expected to improve investor confidence and widen market interest for GulfNav, it said. GulfNav is also in negotiations with its other major creditors and is hopeful of reaching fair settlements soon, it added. GulfNav is the only public listed in the maritime, offshore services and shipping company in the Dubai Financial Market and has been accredited ISO 9001:2008 by Bureau Veritas.