GULFNAV and Scorpio Services Holding Limited establish a new Joint Venture focusing on ship management solutions

Dubai, UAE, 12 December 2023: Gulf Navigation Holding PJSC (“GULFNAV”), the Dubai Financial Market listed maritime and shipping company, announced that it has set up a new Joint Venture with Scorpio Services Holding Limited (“SSH”) under the name Black Marlin Ship Management & Operation L.L.C (“Black Marlin”), located in Dubai, UAE, which will deliver vessel management solutions for regional clients.

This strategic partnership will leverage the capabilities and experience of GULFNAV and SSH.  Black Marlin will combine proven methods in ship management with best-in-class tools in data analytics, sustainability, and regulatory compliance in order to drive superior commercial returns for vessel owners.

The venture will be launched with eight vessels, four from each partner. Through the exchange of expertise, Black Marlin will offer a range of services to cater to the individual needs of owners across multiple shipping sectors and multiple operating models.

Ahmad Kilani, CEO of GULFNAV, welcomed the agreement and said: “We are excited to be working with SSH. This cooperation will integrate the superior resources and technical strength of the two sides, strengthen the technical management and intelligent quality control system of ship operations, improve the benefit and efficiency of ship operations management, fill the gap in domestic high-end comprehensive maritime services, and provide higher-quality and more efficient services for our clients”.

Ugo Romano, Managing Director of Scorpio MENA was equally enthusiastic at the launch of Black Marlin: “This venture is fully aligned with the future goals and vision we have for SSH.  The seascape for technical management has never been so complex, given the need for energy efficiency, the dynamic expectations of regulators and end-users, and the imperative of assembling the right team of motivated professionals, both onboard and ashore, who can drive results.  We believe that with the excellent management team of GULFNAV, their astute business practices and honorable ethical standards, they are a perfect partner for us.  We are very excited to move forward on this journey with GULFNAV”.