Milaha takes Q1 hit from container and offshore

Doha-based shipping group Milaha saw its overall revenue and profit slide slightly in the first quarter due to the pressured markets in container and offshore. Tanker carrier Milaha Gas and petrochem was the only unit to note growth.

Milaha Chairman Sheikh Ali bin Jassim Al Thani. | Photo: Milaha

by DANIEL LOGAN

The Milaha Group, headquartered in Doha, Qatar, noted an overall slide in revenue and profits in the first quarter of the year where the company's gas carrier Milaha Gas & Petrochem was the only business unit to deliver an improved result.

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Milaha takes Q1 hit from container and offshore

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

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Further reading

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Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

Jobs