Qatari shipping firm Milaha reports today they have commenced merger discussions with UAE-headquartered United Arab Chemical Carriers Ltd (UACC).
UACC owns and operates a fleet of 22 modern Medium Range and Panamax LR1 Chemical and Product tankers while Milaha owns a extremely diverse fleet of vessels ranging from container vessels, diving support vessels, product tankers, gas carriers, platform supply vessels and others.
Milaha says, “If successful, this move is expected to result in a larger and stronger business, provide better financial returns,and strengthen the combined business market position.”
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 109,010 members that receive our newsletter.
Have a news tip? Let us know.
Liquid natural gas producers have been avoiding the Red Sea for much of 2024 amid continuous attacks by Houthi militants. This may now be changing as the first LNG carrier...
A US aircraft carrier strike group left the Red Sea for Europe weeks after Yemen’s Houthi rebel group said it will stop attacking vessels in the region.
China's retaliatory tariffs on the United States may cause U.S. oil exports to decline in 2025 for the first time since the COVID-19 pandemic, after growth plateaued last year.
Maritime and offshore news trusted by our 109,010 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
