Qatar Gas Transport to Add to Fleet

Friday, September 22, 2006
According to Forbes, Qatar Gas Transport Co said it will lease 10 South Korean-built liquefied natural gas (LNG) carriers, bringing the size of its carrier fleet to 16. The company said it signed a contract with Qatar Liquefied Gas Co to acquire seven QFlex carriers and three 'QMax' carriers on 25-year lease. The 10 vessels, which will be constructed by Daewoo Shipbuilding and Marine Engineering, Hyundai Heavy Industries and Samsung Heavy Industries, will enter service in January 2009, QGTC managing director Muhammad Ghannam said in the statement. Although the value of the contract was not specified, QGTC chairman Faisal al-Suwaidi said in May the company intends to invest a total of $16b to have a fleet of 61 carriers by 2010.
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Russia Ships First Oil From Offshore Arctic Platform

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Keel-Laid for Navy's 10th LCS at Austal Yard

The Navy and Austal USA held a keel-laying ceremony for the future 'USS Gabrielle Giffords', the Navy's 10th littoral combat ship (LCS), in Mobile, Ala., informs

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1126 sec (9 req/sec)