"Gulf Navigation" announces the loss of one of its ships on its way to China

"Gulf Navigation Holding" announced that its vessel (Gulf Lifestock 1) was unfortunate enough to lose its ship off the coast of Japan while it was on its way from New Zealand to China.

The group said, in a statement to the Dubai Financial Market, that the ship sent a distress call early in the morning of last Wednesday, as the Japanese Coast Guard responded immediately and managed to rescue one of the 43 crew members, and the search for survivors continues.

A spokesman for Gulf Navigation said, "The company is closely monitoring the situation and we are working closely with all those involved in the rescue efforts."

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