Business Monitor: Gulfnav to Exist Crude Shipping

“According to data from Poten & Partners, daily returns on the route have fallen from nearly US$9,000 in early 2010 to -US$7,395 on June 24, which is the most recent data point available. Most of 2013 has seen negative returns on the route, and companies exposed to it have seen negative returns as a result. Gullhav has not had a profitable year since 2009, when it earned US$26.55mn.”