SUSTAINABILITY REPORT
To be sustainable and resilient, and a trusted partner for our customers in delivering global shipping solutions.
INTEGRATED REPORT 2022
CONTENTS
About GULFNAV | 2 |
2022 Performance Snapshot | 4 |
Our Business Units | 5 |
Our Fleet | 8 |
Company's organizational structure | 10 |
Our Presence | 12 |
Our Sustainability Pledge | 14 |
United Nations Sustainable Development Goals (SDG) | 16 |
Our Sustainability Strategy | 17 |
Stakeholders | 18 |
International Convention for the Prevention of Pollution from Ships (MARPOL) | 19 |
Environment - Our Strategy for Climate Change & Environmental Sustainability | 21 |
Continuous improvement of our environmental performance | 23 |
Social - Safeguarding our People | 24 |
Diversity & Inclusion | 27 |
Governance | 29 |
GHN - Corporate Governance Structure | 30 |
INTEGRATED REPORT 2022
ABOUT GULFNAV
GOING FURTHER FOR YOU MEANS
THE WORLD TO US
- REPUTATION FOR EXCELLENCE
GULFNAV works with some of the world's largest petrochemical companies and independent trading houses. It's a responsibility we take seriously. Putting quality and integrity at the heart of our operation, we're committed to delivering best practice across our fleet, crews and administration hubs.
By adopting progressive business practices and rigorously training staff and crew, we operate in full compliance with IMO and flag-state rules, as well as holding
ISO 9001:2015 certification for quality and safety management.
Established in 2003, Gulf Navigation Holding PJSC | the extra mile: To support our partners. To improve safety |
("GULFNAV") combines a proud heritage with a strong client | and sustainability. And to always do what's best for our |
base and exciting future vision. Reinvigorated by a new | employees, our investors and the planet. |
executive team, we're constantly looking for ways to go |
A MISSION
To be one of the world's most trusted shipping and maritime companies, renowned for safety, integrity, reliability
and sustainability.
A SUSTAINABLE, FORWARD-THINKINGVISION
GULFNAV cares deeply for the environments in which we operate - we understand that, to succeed tomorrow, we need to continually innovate and do what's right. So we're investing heavily in the latest energy-efficient technologies
and hold 14001:2015 certification for environmental management. With a modernized fleet and responsible, long-term outlook, we're navigating a more sustainable path to growth.
OUR VALUES
A GLOBAL OUTLOOK
Headquartered in Dubai, we have extensive facilities at the ports of Fujairah and Khorfakkan, along
with an overseas office in the Kingdom of Saudi Arabia. Longstanding international partnerships extend our reach
across the world. We're proud to be the only publicly-listed maritime company on the Dubai Financial Market with truly global services.
DOING WHAT'S RIGHT.
Setting ambitious standards for sustainability, workforce well-being, business ethics and transparency. Ensuring equal commitment to our people, the planet and financial performance.
ENSURING STABILITY AND PROGRESS.
Being a responsible partner by relentlessly driving improvement in quality, reliability and value. Providing an environment for employees where they feel safe, supported and encouraged to maximise their potential.
A COMPLETE MARITIME PARTNER
We specialise in the transportation of crude oil, chemical | welfare. Our world-class marine services are delivered |
products and freight - protecting our clients' reputations | by three integrated businesses, providing an agile, flexible |
with the highest standards of safety, sustainability and crew | approach that gives clients tangible value. |
UNLOCKING VALUE THROUGH PARTNERSHIPS.
Harnessing strategic relationships with like-minded, ethical partners to drive innovation, sustainability, safety and revenue.
2 | 3 |
INTEGRATED REPORT 2022
2022 PERFORMANCE SNAPSHOT
OUR BUSINESS UNITS
DIVERSITY
OF WORKFORCE
11
Nationalities represented
18 %
Women representation in the workforce
SHAREHOLDERS
>11,235
Shareholders
79.4 % 54.5 %
GULFNAV
MARITIME LOGISTICS
GULFNAV Maritime Logistics works closely with leading | Offshore services include: | |
regional and international partners to deliver a seamless ship- | • | Well Stimulation Vessels - with CLEAN class requirements |
to-shore service. We provide cost-effective transportation | • | and double-crew space for 24/7 operations |
and storage solutions for petrochemicals and freight, | Platform Supply Vessels (PSV) | |
operating across the Far East, Asia, GCC, Europe, South | • | Anchor Handling Tug Supply Vessels (AHTS) |
America and the US. | • | Crew Boats |
DFM COMPLIANCE
DFM:
GULFNAV
0
Fines/penalties during 2022
UAE | Of GULFNAV shares |
Shareholders | owned by Companies |
FINANCIAL HIGHLIGHTS
IN MILLION DIRHAMS
5 m Net profit
137Operating Revenue
792Total Assets
PUSHING BOUNDARIES - 24/7
From our Dubai HQ, our specialist teams coordinate
and manage a first-class fleet of owned and chartered ships, along with agency services to meet your onshore and offshore needs. Their can-do approach, extensive industry relationships and proven commercial expertise ensures a real competitive advantage - with flexible contracts to fit your strategy
and budget.
CORE BUSINESS UNITS
- Oil, Chemical & Product Tankers
GULFNAV operates a state-of-the-fleet of owned
and chartered tanker, managed and maintained to the highest safety and environmental standards. With a highly-trained crew, experienced in operating tankers across the world, you know your company's reputation is in the best possible hands.
- Offshore Logistics
GULFNAV has specialised teams for offshore activities
with the expertise to support owners, investors and operators with the complexities of offshore markets - in oil & gas, as well as renewables such as wind farm installation.
UNCOMPROMISING SAFETY AND PERFORMANCE
Always putting crew and cargo first, our vessels are designed, maintained and repaired according to the highest international standards. Repairs are logged with extensive 3rd party reports, covering everything from engine machinery and safety equipment to ISM documentations and certificates.
GULFNAV Maritime Logistics holds
ISO 9001:2015 accreditation and strives for best practice in operational efficiency across sea and shore. This includes working with the latest intelligent operating systems
and providing you with clear cost data so you can run your business more effectively.
DRIVING A MORE SUSTAINABLE TOMORROW
GULFNAV Maritime Logistics takes bold steps to better protect the ecosystems in which we operate, as well as minimizing the impact of our vessels on the wider environment. We hold 14001:2015 certification for environmental management and invest heavily across our fleets to ensure cleaner, more fuel-efficient performance.
*Details in Governance Report
4 | 5 |
GULFNAV
SHIP MANAGEMENT
INTEGRATED REPORT 2022
GULFNAV AGENCY SERVICES
Since 2009, GULFNAV Ship Management has built a reputation across the Middle East and beyond for knowledge, cost efficiency and full compliance with international standards. This is accompanied by a deep commitment
to promote more sustainable practices and reduce our environmental impact.
ON SHORE. OFF SHORE. ON A MISSION.
We provide a complete range of ship management
and maritime services, including crew management, technical support and consultancy services
AN AGILE PARTNER IN FAST-CHANGING TIMES
Managing ships in today's climate requires expert knowledge of ever-evolving regulations, combined with a wide scope of expertise and experience. GULFNAV Ship Management takes this responsibility seriously to meet the requirements of shipowners, flag states, port states, class societies, charterers and other stakeholders.
Whether it's operating managed vessels efficiently
or protecting crews in full compliance with IMO's International Safety Management Code, we're trusted by industry leaders to stay ahead of changes and deliver tangible value.
WHY CLIENTS CHOOSE GULFNAV
SHIP MANAGEMENT
Our team of experts provides tailored ship management and consultancy services to suit your needs and vessels - from crew operations and asset management to supervision of ship-building projects and pre-purchase technical advice.
COMPLETE TECHNICAL MANAGEMENT
Our unrivalled technical expertise is geared to optimising performance, minimizing downtime and delivering long- term reliability and value. We can provide total drydock solutions and cover technical management for all types of ships, including those transporting crude oil, chemicals and petroleum (IMO).
CREW MANAGEMENT
Our crew is the heart of our business - and vital to yours. That's why we recruit from a global market of seafarers, building skills with continuous training to ensure officers and crew meet our rigorous standards. Regular crew performance reports, long-term rotation planning
and stringent safety checks back up our excellent well-being and performance records.
QUALITY AND ENVIRONMENTAL MANAGEMENT
Our safety and environmental management system ensures vessels are continuously maintained in line with the sector's s most stringent regulatory frameworks. These include International Safety Management (ISM) Law, flag state law, port state monitoring and social classification rules. We are certified in full compliance with ISO 9001:2015 and 14001:2015, and ships are subject to regular independent inspections and auditing.
ASSET MANAGEMENT
We combine industry-leading expertise and advanced processes to provide unrivalled cost-efficiency and asset management. Working with cutting-edge software and systems for shore and ship-based operations, our technical and administrative teams go the extra mile to seek efficiencies and maximize revenue.
Established in 2017 and headquartered in Dubai, with support hubs in Khorfakkan and Fujairah, GULFNAV Agency Services serves terminals and commercial ports across the UAE. Through our network of liaison offices, we also provide cost- effective services throughout the GCC and beyond.
PROFESSIONALISM AND PEACE OF MIND
Our experienced staff ensure detailed knowledge of local and regional markets, including all relevant laws, rules and regulations.
EVERYTHING YOU NEED. FROM SHIP TO PORT.
GULFNAV Agency Services keeps you moving. Our unrivalled expertise and procurement ranges from crew services
and warehousing to IT support, repairs, and customs and agency services.
CARGO VESSEL HANDLING
Whether it's petrochemical tankers or bulk, break
and container vessels, we have you covered with ship-to-ship transfer operations and turnkey cargo handling.
COORDINATION AND SUPPLY SERVICES
We make it happen with top-quality husbandry services, fulfilling crew change, cleaning, servicing, IT and safety equipment requirements. We also take care of the paperwork with streamlined inspection, certificate renewal, visa processing and medical support.
CREW BOATS
GULFNAV owns a modern fleet of four crew vessels, able to carry up to 39 passengers and a 20-ton deck cargo. Put your most valuable personnel and equipment in safe hands with our peerless track record in safety and security.
SHIP REPAIRS
Our 24/7, state-of-the-art workshops and dry docks at the ports of Fujairah and Khorfakkan boast some
of the industry's most skilled Marine Engineers and Master Mariners. Whatever the repair, whether it be mechanical
or structural, we'll have you up and running quickly and cost- effectively, with reliability assured.
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Disclaimer
Gulf Navigation Holding PJSC published this content on 28 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2023 06:06:05 UTC.