ShippingWatch

Milaha in strong H1 boosted by offshore

Milaha continued its strong performance in the first six months of the year, where the group's combined business increased 26 percent. Gas and offshore performed particularly well in a challenging market.

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Qatar-based shipping group Milaha finished the first half of 2015 with a net result of 651 million QR, around USD 178.7 million, representing a 26 percent improvement from 518 million QR in the same period last year, according to the group's interim report.

The group's business ranges from logistics over container to offshore, and the company noted strong growth in the latter sector especially in spite of an extremely challenging offshore market. Milaha Offshore's revenue increased 41 percent and net profits soared 151 percent.

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