Qatar Navigation Warns of Challenging 2015

DUBAI, April 27 (Reuters) - Qatar Navigation (Milaha) warned of a challenging 2015 as conditions in its offshore business remained weak and its investment business was exposed to instability in local equity markets. The shipping firm made the forecast on Monday as it reported a 4 percent rise in first-quarter net profit. "While we hope to maintain the momentum, we know … [Read more...]

Milaha in Talks with UACC on Prospective Merger

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, … [Read more...]

Milaha Receives New ASD Tug from NDSQ

Qatari shipbuilder Nakilat Damen Shipyards Qatar (NDSQ) announced the deliveryt of the 32m-long, 80 ton bollard pull-rate ASD tug Semesma, the eleventh of nineteen vessels ordered by Milaha from NDSQ.  The vessel will be used for escorting vessels visiting the Port of Mesaieed. NDSQ is building these tugs at its facilities at Erhama Bin Jaber Al Jalahma Shipyard in Ras … [Read more...]

Qatar Shipping Secures $425 Million Ship Finance Loan

Qatar Shipping, a wholly owned subsidiary of Milaha announced today the securing of a 12 year, US $425 million fixed-term ship financing facility with a consortium of the following banks: The Bank of Tokyo Mitsubishi UFJ, Ltd Mizuho Bank, Ltd. Sumitomo Mitsui Banking Corporation Europe Ltd Sumitomo Mitsui Trust Bank, Ltd Mitsubishi UFJ Trust and Banking … [Read more...]

LNG Carriers of a Different Color Load at Ras Laffan

Fully-owned by Maersk until recently, the LNG carriers MILAHA RAS LAFFAN and MILAHA QATAR, recently carried out their first loading operations this month under their new names, new managers, and a new color. The MILAHA RAS LAFFAN loaded at Ras Laffan on July 8th, 2012, while the MILAHA QATAR loaded at the same port on July 11th, 2012. At ceremonies held for each of … [Read more...]