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.”
“These are all to do with the oil and gas sector and the growth potentials that we foresee.”
Last week the company revealed it was in talks with Atlantic Navigation Holdings to take a stake in the OSV owner.
Gulf Navigation has cash for around $136m in capital expenditure this year and is also open to tapping the Islamic bond market to help it buy ships, Buamim said.
