Arab tanker carriers discuss merger

Qatar Navigation and United Arab Chemical Carriers have initiated negotiations aimed at merging the carriers' product and chemical tanker fleets.

Photo: UACC

Qatar Navigation, which also goes by the name of Milaha, has begun negotiations for a merger with United Arab Chemical Carriers (UACC). The two companies each operate fleets of product and chemical tankers.

According to a short statement from Qatar Navigation, the aim is to create a larger business and increase profits.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Poseidon Principles set to raise ambitions in coming weeks

The banks in Poseidon Principles are working on the basis of halving CO2 emissions in shipping by 2050. At the same time, some of the same banks are working towards a target of CO2 neutrality by 2050 as part of the Net-Zero Banking Alliance. Before long, Poseidon will reassess its ambition.

Further reading

Related articles

Trial banner

Latest news

See all jobs