Qatar Shipping Secures Ship Financing
Proceeds from the facility will be utilized by Qatar Shipping to fund the ongoing construction of 19 harbor assistance vessels. The vessels will be deployed in Mesaieed Port on a 20-year, QR1.8bn contract, signed with Qatar Petroleum in 2011. The financing was arranged by Milaha Capital, another wholly-owned Milaha subsidiary, which provides corporate finance advisory services to the group as part of its mandate. The financing agreement was signed by Milaha's President & CEO Khalifa bin Ali Al-Hetmi and Mr. Abdulla Mubarak Al Khalifa, General Manager Corporate Banking from QNB Group. Also in attendance were senior executives from Milaha, its subsidiaries and QNB. Speaking on the occasion, Mr.
Provision of Harbor Tugs, Port of Mesaieed
Nakilat, on behalf of Nakilat–Damen Shipyards Qatar (N-DSQ) has signed a Memorandum of Understanding (MoU) with Qatar Petroleum for the provision of 19 vessels including harbor tugs, pilot and service boats at the port of Mesaieed. On October 15 2009, Qatar Petroleum’s Directorate, Mesaieed Industrial City, issued a tender for the provision of harbor tugs, pilot and service boats at Mesaieed Port. Subject to the outcome of the tender, the successful bidder will be obliged to build all the vessels required for the contract at the N-DSQ facilities at the Port of Ras Laffan. Mesaieed Industrial City’s Acting Director Mr. Maliq Omer Ismail Al-Dafea said…
