Qatar Navigation Q S C : Muntajat Signs 2-year Gas Carrier Time Charter Contract with Milaha
July 19, 2014 at 05:19 am EDT
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Muntajat Signs 2-year Gas Carrier Time Charter Contract with Milaha
19th July 2014
Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) Q.J.S.C. signed a 2-year contract with Qatar Navigation Q.S.C. (Milaha) for the time charter of the LPG/C ALMARONA to primarily transport Ammonia exports from Qatar to Muntajat customers around the world.
The contract was signed in a ceremony held in Doha by HE Sheikh Ali bin Jassim Al-Thani, Chairman and Managing Director of Milaha and Mr. Abdulrahman Ali Al-Abdulla, Chief Executive Officer of Muntajat. The LPG/C ALMARONA is a 200222 cbm capacity gas carrier and is fully owned and managed by Qatar Shipping Company, a fully owned subsidiary of Milaha. "We have, over the years, built a close relationship with QAFCO and more recently with Muntajat, and we are very pleased to be able to extend this relationship." said HE Sheikh Ali bin Jassim Al-Thani. "In keeping with Milaha's continued commitment to safety and the protection of the environment, this ship has been retrofitted with the latest available energy efficiency enhancing devices, which includes the Mewis Duct amongst others, together with the implementation of Energy Management Systems of world leading providers. This would definitely enhance the operational efficiency and lower the fuel consumption.
We aim to continue to serve Muntajat in the best possible manner and bring added value to this sector for Qatar." Commenting on the agreement, Mr. Abdulrahman Ali Al-Abdulla said: "We are delighted to expand our collaboration with Milaha through this second agreement for this year. This agreement is in line with our vision of establishing Muntajat as the world leader in the marketing and distribution of Qatar's chemical and petrochemical products."
"Muntajat's partnership with Milaha will reinforce our efforts in strengthening the reputation of the "Made in Qatar" brand in the global industry. The Milaha's Gas Carrier Time Charter was selected over competing international vessels as it complements our safety and reliability standards in delivering our products to customers worldwide." Added Mr. Al-Abdullah.
Earlier this year, Muntajat signed a 2-year feedering transport agreement with Milaha to export Qatar's production of polymers and melamine to Muntajat customers around the world.
Qatar Navigation QPSC is a Qatar-based public shareholding maritime and logistics company, which provides integrated transport and supply chain solutions. The Company, along with its subsidiaries, is engaged primarily in marine transport, acting as agent to foreign shipping lines, offshore services, sale of heavy vehicles, ship repair, fabrication and installation of offshore structures, land transport, chartering of vessels, real estate, investment in listed and unlisted securities, trading of aggregates, building materials and the operation of a travel agency. It is organized into the following business segments: Milaha Capital, Milaha Maritime and Logistics, Milaha Offshore, Milaha Trading, Milaha Gas and Petrochem and Milaha Corporate. Its subsidiaries include: Qatar Shipping Co QSC, Halul Offshore Services Co WLL, Macgregor Qatar Navigation Co WLL, Peninsula LNG Transport No 2 Ltd and Iraq Qatar Transport and Shipping Services Co Ltd, among others.
QATAR NAVIGATION Q.P.S.C. 
