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.

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