Middle Eastern liquefied natural gas (LNG) producer QatarEnergy has signed a contract with China State Shipbuilding Corporation (CSSC) for the construction of six additional supersize LNG carriers. The Doha-headquartered state-owned company’s massive shipbuilding program has been bolstered with the...
https://splash247.com/qatarenergy-bumps-up-orders-for-massive-lng-carriers/
Qatar Gas Transportation Company (Nakilat) and its subsidiaries have announced financial results for the first half of the year ending 30th June 2024, achieving a net profit of QAR 829 million, compared to QAR 775 million for the corresponding period in 2023, an increase of 7%.
Over the first half year the company has also reached some important milestones in its ongoing fleet expansion project, signing contracts to build six gas carriers, including two LNG carriers and four LPG/Ammonia...
https://www.themaritimestandard.com/increased-profitability-for-nakilat/
Qatar Navigation and Qatar Steel have signed a 5-year agreement to provide stevedoring services to facilitate the importing and exporting of products manufactured by Qatar Steel, including including rebars, billets, and coils.
According to the agreement, Milaha will provide Qatar Steel with a wide range of logistics and lifting services, including trailers and forklifts, in addition to manpower to execute tasks at Qatar Steel’s berth located at Mesaieed Industrial City (MIC).
The agreement signed...
https://www.themaritimestandard.com/milaha-and-qatar-steel-sign-stevedoring-services-agreement/
Qatar Shipyard Technology Solutions has signed a memorandum of understanding with UK-based Armada Technologies, a provider of a new hull air lubrication system. In future the two parties will collaborate on installing Armada’s Passive Air Lubrication Systems (PALS) on vessels with the aim of improving their energy efficiency and reduce carbon emissions.
Under the terms of the MoU, Qatar Shipyard Technology Solutions and Armada will explore a business relationship and potential opportunities to...
https://www.themaritimestandard.com/air-lubrication-installation-deal-signed-by-qatar-shipyard/
Doha-based QTerminals has launched a major long-term project to install solar panels on the reefer container stacks at container terminals CT1 and CT2 in Hamad port, in Qatar. The latest batch of installed panels now produces up to 3 MW of clean energy daily, with peak generation lasting up to six hours, a reflection of Qatar’s abundant solar energy potential.
According to QTerminals, “This project marks a significant step towards achieving our goal of reducing our carbon footprint across all...
https://www.themaritimestandard.com/qterminals-invests-in-solar-power/
An Italian operator christens a new bunkering ship as construction continues on LNG carriers for Chinese and Qatari owners. Gas carrier orders have been placed by clients in Greece and Singapore. Finally, a UK design firm unveils plans for a new methanol bunkering ship. Greece’s Prime Marine orders LCO2 carrier Greek shipowner Prime Marine has […]
The post Tanker News Roundup | June 19 – Chinese and Middle East gas carrier construction, UK methanol bunkering ship concept and more appeared first...
Doha-based Milaha has launched a new service, Milaha Gulf Express, linking China and the Middle East Gulf. This new weekly service will provide an regular and reliable shuttle between three Chinese ports and Jebel Ali, offering what is claimed to be the fastest transit time on the market for that trade corridor. A wide rage of Gulf ports also will be served through connections through Jebel Ali by existing Milaha feeder services.
The operation will offer direct weekly sailings between Jebel Ali...
https://www.themaritimestandard.com/milaha-introduces-uae-to-china-shuttle/
“See you in court!” is a familiar refrain and one we have often used as a headline. Offshore companies seem to get embroiled in contract disputes that end up in lengthy and expensive arbitration, or in commercial court disputes, just too often. I find it hard to believe that if this column covered...
“They come over here, taking our jobs and stealing our women,” is a familiar refrain against foreigners all around the world, as likely to be uttered from Dublin to Durban, from Dusseldorf to Des Moines, and from Denpasar to Dubai (well, probably not the second part in the UAE, but we won’t dwell...
Qatar Navigation (Milaha) has recently announced a very positive set of results covering the first quarter of 2024. Operating revenues of QAR 747 million for the three months ending March 31st compared to QR 766 million for the same period in 2023, while the operating profit of QAR 208 million for the same three months compared to QAR 210 million for the equivalent period the the year before. Net profits were more or less unchanged at QR 365 million.
The Milaha Maritime & Logistics division’s...
https://www.themaritimestandard.com/milaha-sustains-profitability/