Qatar Navigation (Milaha) Q.S.C. today announced its financial results for the first quarter of 2012. The group declared a net profit of QR 284 million for Q1 2012, an 8.5 percent increase over Q1 2011. The group’s consolidated operating revenue in the first quarter of 2012 was QR 640 million.…
Milaha, formerly known as Qatar Navigation, announced an important addition to the company’s executive leadership team. Michel Deleuran, until recently a senior executive at A.P. Moller – Maersk, has joined Milaha as Executive Vice President, Maritime Operations. Deleuran was most recently Group Senior Vice President and Chief Executive, North Europe…
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…