Milaha Buys its Largest Container Vessel

Press release

Published January 22nd, 2018 - 08:30 GMT

Milaha has acquired its largest container vessel to date, Majd, a 3,768 TEU vessel.

Milaha, a Qatar-based maritime and logistics conglomerate, has acquired its largest container vessel to date, Majd, a 3,768 TEU vessel.

According to a statement issued by Milaha, the new vessel will be one of the 17 container vessels that the group operates, and is part of the ongoing expansion of the groups overall fleet. Milaha currently fully owns and operates a fleet of over 80 vessels, including LNG and product tankers, offshore support vessels, container and bulk vessels, among other vessel categories.

Commenting on the new acquisition, Milahas President and CEO Abdulrahman Essa Al-Mannai said: "We are pleased to add Majd to our growing fleet in the few coming weeks. The new vessel is part of our strategy to optimize our container shipping network with larger tonnage to meet increasing customer demand for capacity and cost efficiency in a highly competitive market. Majd will be phased into our existing network and will gradually replace smaller tonnage."

Majd was built by STX Shipbuilding Co. Ltd. in South Korea, and has a length overall (LOA) of 246.87 m and a deadweight of 44,985 metric tonnes.

Milaha was established in July 1957 as the first public shareholding company registered in Qatar and holds commercial registration no. 1.

Source: The Peninsula

Background Information

Milaha

Milaha is a Qatari Public Shareholding Company with the diversity to deliver seamlessly integrated transport and supply chain solutions. Today, with an expanding fleet, state-of-the art equipment, well-trained manpower and world-class partners, we’re competing to become a globally recognised player in maritime and logistics services.