Qatar’s Muntajat signs two-year gas carrier time charter contract

21 July 2014 05:11 Source:ICIS News

SINGAPORE (ICIS)--Qatar Chemical and Petrochemical Marketing and Distribution Co (Muntajat) said on Sunday it has signed a two-year contract with Qatar Navigation (Milaha) for the time charter of a gas carrier to transport ammonia exports to Muntajat customers globally.

The Almarona, a 23,000 cubic metre (cbm) capacity liquefied petroleum gas carrier, is wholly-owned and managed by Qatar Shipping Company, a fully-owned subsidiary of Milaha, Muntajat said in statement.

Earlier this year, Muntajat signed a two-year feedering transport agreement with Milaha to export Qatar’s production of polymers and melamine to Muntajat customers around the world, it added.

State-owned Muntajat holds the exclusive rights to market, sell and distribute Qatar's chemical and petrochemical products to the global market.

Financial details of the deal were not disclosed.

By Nurluqman Suratman