Qatar Navigation awarded US$520mn QP contract

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Qatar Navigation Q.S.C. fully-owned subsidiary, Qatar Shipping Co., has been awarded a US$520mn contract by Qatar Petroleum.

Under the terms of the contract, Qatar Shipping will provide and operate harbour tugs, pilot boats and mooring gangs for Mesaieed Port for a period of 20 years from August 2014.

Qatar Shipping will construct 19 boats in the coming three years to service this contract.

Qatar Shipping Co. already operates the harbor tugs, pilot boats and mooring gangs at Mesaieed Port and this operation is expected to continue until the commencement of the new contract.

Mr. K.K. Kothari, CEO of Qatar Shipping, said "This is an extremely gratifying award and is a validation of the quality of the services we provide currently."

Mr. Khalifa bin Ali Al-Hetmi, Qatar Navigation's President and CEO said that "We are pleased to be able to build on our long-standing, extensive relationship with QP across a number of our business units."

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