Dubai - Mubasher: The CEO of Gulf Navigation Holding (GulfNav) revealed in a TV interview on Thursday that the value of the debt settlement agreement with Nordic American Tankers (NAT), saying it is around $14 million (AED 51 million).
GulfNav announced in a press release on Tuesday that they have signed a settlement agreement with NAT.
GulfNav has 3 debts, one for American Tankers, and the other two are for Deutsche Bank and the dry dock in China, CEO Khamis Buamim told Alarabiya.
Bumain said that the company’s new board is finding solutions for the current situation based on the market needs.
