Qatar Shipping signs vessel contract with Korean firm
The Qatar Shipping Company (Q-Ship) recently signed a joint venture contract with Korea’s STX Shipbuilding Company to build a new ammonia/LPG/VCM vessel. Target date for delivery is set for May 2004, reported Gulf Times.
This will be Q-Ship’s first ammonia vessel, which will be used to fulfill the company’s five-year operation contract with Qatar’s fertilizer firm Qafco. The company’s contract with STX includes and option for a second vessel.
Incorporated in 1992, Q-Ship is a ship owning, operating and managing company with focus on the crude oil and clean petroleum product tankers engaged in transportation of oil, oil products and dry bulk commodities.
Q-ship owns a deep sea fleet comprising of seven vessels with an aggregate tonnage of 711,053 deadweight tons. The company transported 392,545 metric tons of iron ore from Brazilian and Norwegian ports to Mesaieed in Qatar and 948,673 metric tons of Al Shaheen crude was transported by its crude tankers. — (menareport.com)
© 2002 Mena Report (www.menareport.com)