Gulf Navigation is looking to set cash from a equity raise to work with consolidation moves and single asset purchases, its chief executive says.
The shipowner launched a $250m fundraiser a month ago as it sought new projects and is open to raising further cash.
Khamis Juma Buamim told Bloomberg television: “We are looking at a number of potentials- part of them is outright acquisitions and part of them is partial acquisitions.”
