Qatar

Milaha boosts profits

Qatar-based shipping and logistics company Milaha has reported a 9% increase in net profits in 2024, with a positive result of QR 1.122 billion for the year compared to QR 1.030 billion for the same period in 2023.

The Milaha Maritime & Logistics’ division achieved a net profit that increased by QR 45 million compared to 2023, led by stronger performance from its container shipping unit, as the result of deployment of new vessels and routes, while Milaha Gas & Petrochem’s net profit increased by...

https://www.themaritimestandard.com/milaha-boosts-profits/

GreenSeas Trust installs new bin trio on Qatar’s Pearl Island to help cut marine plastic pollution

Leading marine conservation charity, GreenSeas Trust, is proud to announce, three bilingual BinsForGreenSeas have been installed on Pearl Island in Qatar to reduce litter and stop plastics from entering the sea.

Located off the coast of Doha, Pearl Island is a popular tourist destination boasting sophistication and luxury.

The GreenSeas Trust bins have been positioned at key waterfront locations in the island’s marina, an area popular with tourists and the yachting community.  The bins will...

https://allaboutshipping.co.uk/2025/02/11/greenseas-trust-installs-new-bin-trio-on-qatars-pearl-island-to-help-cut-marine-plastic-pollution/

Nakilat records increased 2024 profits

Qatar Gas Transport Company (Nakilat) has announced an impressive set of full year financial results for 2024. These show a net profit of QAR 1.64 billion, an increase of 5.1% compared to QAR 1.56 billion for the same period in 2023. According to a statement made by the company, “This stable growth underscores our operational efficiency, our ability to seize emerging opportunities, which has been evident in our 2024 newbuild announcements and our resilience in navigating the challenges of the...

https://www.themaritimestandard.com/nakilat-records-increased-2024-profits/

Hamad port achieves ro-ro records

Qatar’s Hamad port broke several important records relating to its ro-ro traffic last year.

This included achieving the highest throughput from a single vessel – 3739 units from the car carrier Thermopylae – and an all-time record for monthly operations in December 2024, with the movement of a total of 16,681 units. Over the 12 months of last year, the port handled a total of 130,332 ro-ro units, also a record.

A spokesperson for port operator, QTerminals, said: “We look forward to continuing...

https://www.themaritimestandard.com/hamad-port-achieves-ro-ro-records/

Milaha and ASSC sign long term containership charter agreement

Qatar Navigation (Milaha) has signed a long-term charter agreement with the Asian Spirit Steamship Company (ASSC). This agreement represents a significant step toward Milaha establishing a modern and sustainable fleet of feeder container ships, through the acquisition of two 1200 TEU capacity vessels.

Under the terms of the agreement, Milaha will deploy these two ships, Spirit of Kolkata and Spirit of Chennai, on its Arabian Gulf and Indian Subcontinent services.

The newly chartered ships are...

https://www.themaritimestandard.com/milaha-and-assc-sign-long-term-containership-charter-agreement/

New shipyard planned for Qatar’s Marsa port

Qatar’s Marsa free zone maritime development project will soon become home to a newly-developed Milaha Yachts and Ships Yard, following an agreement between Qatar Navigation (Milaha) and Qatar Free Zones Authority (QFZ).

According to Milaha, “The agreement and new facility will reaffirm Milaha and QFZ’s commitment to support Qatar’s growing position as a global maritime services hub, aiming to create new job opportunities, with a focus on prioritising the attraction of Qatari talent.”

The Milaha...

https://www.themaritimestandard.com/new-shipyard-planned-for-qatars-marsa-port/

Strong financial results for Qatari shipowners

Qatar’s two leading shipowners, Qatar Navigation (Milaha) and Nakilat, have both announced strong financial performances for the first nine months of 2024. Milaha achieved operating profits of QAR 445 million for the nine months ended September 30th, compared to QAR 404 million for first three quarters of 2023, while the net profit of QAR 917 million was up from QAR 870 million for the same period in 2023.

The Milaha Maritime & Logistics division’s net profit increased by QAR 1 million compared...

https://www.themaritimestandard.com/strong-financial-results-for-qatari-shipowners/

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