The United Arab Emirates-based, and Dubai Financial Market listed maritime company Gulf Navigation Holding PJSC (Gulfnav), has purchased 40% of the Turkish Polimar Holding Company’s stake in Gulf Navigation Polimar Maritime.

Gulf Navigation Polimar Maritime is specialized in the field of Maritime Agency Services, and this deal increases Gulfnav’s stake from 60% to 100% in this company.

Gulf Navigation Polimar Maritime, established in 2017, has become a subsidiary of Gulf Navigation Holding PJSC as result of the partnership between Gulf Navigation Holding and Turkish Polimar Holding.

The ship agency company is headquartered in Dubai with offices in Khorfakan and Fujairah.

It´s considered a one-stop shop providing agency services, ship services and marine products, serving all terminals and commercial ports in the UAE, and handles all types of vessels and cargos.

In addition, the company manages Gulf Navigation Holding’s offshore support vessels, which consists of four boats, dedicated for the transport of offshore support personnel and cargo.