GEM is one of the leading commercial product and chemical tanker companies in the Middle East, investing in and managing modern state-of-the-art double-hull tankers designed to carry petroleum products, chemicals and other hydrocarbons.
Gulf Energy Maritime (GEM) is a leading independent product and chemical tanker company with a primary objective to maintain high standards of safety and quality in ship construction, operation and management.
GEM currently has a young fleet of 19 trading ships, having grown from owning just two ships in 2004, making it the Middle East's largest private, independent commercial energy transporter. The fleet ranges typically from 37,000 to 75,000 dwt in the Panamax, Handymax and MR classes. Its most recent acquisitions are two new Aframax vessels from Samsung Heavy Industries with a capacity of 114,700 dwt – both of which are Long Range 2 specification, capable of carrying both clean petroleum products and dirty products.
The company’s growth perspective is a long-term strategic one and accordingly the majority of its vessels are expected to be fixed in a mixed portfolio of long-term and spot charters.
Other Midstream Assets
Arab Petroleum Pipelines Company (SUMED)
The Arab Petroleum Pipelines Company, known as SUMED, is a joint venture formed in 1977 between Egyptian General Petroleum, Saudi Arabian Oil Company, three Kuwaiti companies and Qatar Petroleum.Read more about Arab Petroleum Pipelines Company (SUMED)