Logistics Conglomerate News

MSC Group's cruise division, shipbuilder Fincantieri, and Italian energy infrastructure company Snam have signed a memorandum of understanding to determine the conditions for the design and construction of what would become the world’s first oceangoing hydrogen-powered cruise ship.The owner of the world’s third largest cruise brand and part of the leading global shipping and logistics conglomerate MSC Group, giant shipbuilding group Fincantieri, and Snam have joined forces to…

Qatari maritime transport and logistics conglomerate Milaha said it has acquired a new floating dry dock as part of ongoing upgrade and modernization work underway at its shipyard facilities.The dock is set to arrive at the group’s Mesaieed Shipyard in the coming months and will be fully operational in the second half of this year to support local government and commercial clients in the maritime and oil and gas sectors.Milaha president and CEO, Abdulrahman Essa Al-Mannai said the dock will be able to accommodate vessels up to 230 meters in length and up to 30,000 metric tons lifting capacity.

Danish logistics conglomerate Maersk launches its new logistics center in Bac Ninh to address the needs of a high-demand North Vietnam market.The new warehouse offers premium Warehousing and Distribution solutions to support our customers and the significant trade growth in the region.On December 11th, 2019, the official opening ceremony for the new logistics center took place in Bac Ninh, Vietnam in the presence of Danish Ambassador to Vietnam Mr. Kim Højlund Christensen, Vietbeko Head of Supply Chain Mr. Quang Le and Maersk senior executives. Constructed by Mapletree Logistics Park Bac Ninh Phase 3 (Viet Nam), the 11,000 square-meter warehouse is strategically located inside the VSIP Industrial Park in Bac Ninh, within 25km to Hanoi centre and 120km to Hai Phong port.

Middle East's maritime and logistics company Milaha (Qatar Navigation) will start a direct container shipping service connecting the Black Sea and the Mediterranean in its first foray into Europe.According to a press release from the Qatar-based maritime transport and logistics conglomerate the new feeder service marks Milaha’s first European service linking the Mediterranean and Black Sea. The BSX demonstrates Milaha’s commitment to deliver reliable and agile services to its customers and partners globally.The BSX rotation is Piraeus (Greece), Kumport (Istanbul), Poti (Georgia), Novorossiysk (Russia), Piraeus (Greece), and will initially be served by two ships with 1…

Milaha, a Qatar-based shipping and logistics conglomerate, participated in the 2nd Business Continuity and Resilience Conference, which was held in Doha on November 20th, under the patronage of H.E. Minister of Commerce and Industry Ali bin Ahmed al Kuwari and attended by business continuity, risk management and organizational resilience professionals from all sectors.Milaha’s PCEO Mr. Abdulrahman Essa Al-Mannai headed the company’s delegation to the conference where he delivered a presentation…

Qatar-based maritime and logistics conglomerate Qatar Navigation (Milaha) has signed an agreement with Oracle Cloud applications to drive a major digital transformation across all its core business operations and its subsidiaries.The initiative will help Milaha create new revenue streams by introducing innovative services and drive operational efficiency with automated processes, said a press release from the Qatari logistics giant.Abdulrahman AlMannai, Milaha’s President and Chief Executive Officer said “In line with State of Qatar 2030 vision and in a world of increasingly complex supply chains, constantly challenging the status quo is imperative to drive sustained growth and deliver on fast-evolving customer expectations.

Qatar-based maritime and logistics conglomerate Milaha said its liftboat Milaha Explorer has been deployed off the coast of West Africa as part of a long-term charter with a major international oil company.Milaha’s President and CEO, Abdulrahman Essa Al-Mannai, said, “Over the past few months, we have been significantly ramping up our operations, and I am pleased to announce further growth in our geographic footprint and operational portfolio with this long-term deployment, which marks our entry into Africa.

Qatar-based maritime transport and logistics conglomerate Milaha has announced the launch of a direct container feeder service between Qatar and Iraq. The new service, which will be an expansion of the existing Qatar-Kuwait service that the company launched last year, will follow a Hamad Port-Umm Qasr (Iraq)-Shuwaikh (Kuwait)-Hamad Port rotation, and will be initially served by one vessel with a 1,015 TEU capacity and 110 reefer plugs. The service will have a transit time of 2 days, making it particularly ideal for dry and refrigerated food stuff, consumer electronics, and construction materials, among other cargo. The first vessel will depart from Hamad Port on 7 May 2018 and reach at Umm Qasr Port on 9 May 2018. Commenting on the launch of the new service, Milaha’s President and CEO Mr.

Qatar Navigation (Milaha), a leading maritime and logistics conglomerate, has reported a net profit of QR260 million ($71.3 million) for the first quarter of 2018, up from QR236 million ($64.80 million) for the same period in 2017. Milaha Maritime & Logistics’ revenue increased by QAR 65 million and net profit by QAR 29 million as a result of volume growth in our Ports business, and better operating margins in our Container Shipping unit. Milaha Gas & Petrochem’s revenue decreased by QAR 5 million and net profit by QAR 54 million. Low shipping rates and the knock-on effect on vessel valuations in the sectors we operate continue to put a damper on profits. Milaha Offshore’s revenue decreased by QAR 29 million and bottom line by QAR 13 million.

Qatar-based maritime and logistics conglomerate Milaha said it has acquired its largest container vessel to date, Majd, a 3,768 TEU vessel. Majd was built by STX Shipbuilding Co. Ltd. in South Korea, and has a length overall of 246.87 meters and a deadweight of 44,985 metric tons. The new vessel will be one of the 17 container vessels that the group operates, and is part of the ongoing expansion of the group’s overall fleet. Milaha currently fully owns and operates a fleet of over 80 vessels…

Qatar-based maritime transport and logistics conglomerate Milaha is launching a direct feeder service between Sri Lanka and Bangladesh. "Milaha has announced the launch of a direct feeder service between Sri Lanka and Bangladesh. Colombo and Chittagong will be the 7th and 8th new ports of call for Milaha this year, and is part of the significant service expansion since the beginning of 2017," says a statement from the company. The new service, called BCX, will be operated via two vessels of effective capacity 1,200 TEUs, and will start in the second half of November, following a Colombo-Chittagong-Colombo rotation with a transit time of 5 days. The service will cater to the general consumer goods and garments industry in Bangladesh, a high growth market.

Qatar Navigation (Milaha), a maritime and logistics conglomerate based in Qatar, has reported a net profit of $195 million for the year ended December 31, 2016 compared to $300 million reported the previous year. The fall in the profit was mainly as a result of lower revenue from our Port Services unit, which was affected by a drop in storage and general/bulk cargo revenue, and rate pressure in our Container Shipping unit, which still managed to grow its market share and volumes. Milaha said its operating profit hit QR555 million compared to QR855 million reported the previous year. The company registered an operating revenue of QR2.551 billion compared to QR2.9 billion the previous year.

Milaha president and CEO, Khalifa Ali Al-Hetmi, will retire in September, the Qatar-based marine transport and logistics conglomerate announced. Having joined Milaha 31 years ago, Al-Hetmi has been at the helm of Milaha for the past seven years. During his tenure as CEO, he oversaw the strategic acquisition of Qatar Shipping and Halul Offshore Services in 2010, and was responsible for the subsequent transformation of the newly created group and the launch of the Milaha brand in 2011.