The Board of Directors of Qatar Navigation (Milaha) Q.S.C. met on May 28, 2012 to discuss the recommended rights issue, which was formally announced on March 25, 2012, and raised to the General Assembly at the company’s EGM on April 15, 2012. As part of the Extraordinary Meeting held in…
Qatar Shipping SPC, a wholly owned subsidiary of Milaha (Qatar Navigation QSC), has secured a ten year US $110 million (equivalent to QAR 400 million) ship financing facility with QNB. Proceeds from the facility will be utilized by Qatar Shipping to fund the ongoing construction of 19 harbor assistance vessels.…
The LNG carriers MILAHA RAS LAFFAN and MILAHA QATAR recently carried out their first loading operations under their new names and new managers. 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…
Qatar Navigation (Milaha) Q.S.C. today announced its financial results for the first half of 2012, ending June 30th. Summary financial results are as follows: Operating revenues of QR 1.164 billion vs. QR 1.159 billion for the same period in 2011, an increase of 0.4% year over year. Operating Profit of…
Qatar Navigation (Milaha) Q.S.C. today announced its financial results for the 9 months ended September 30th, 2012. Summary financial results are as follows: Operating revenues of QR 1.75 billion vs. QR 1.69 billion for the same period in 2011, an increase of 4% year over year. Operating Profit of QR…