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Wed 3 Aug 2011 03:00 PM

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Qatar Shipping in $522m contract with state O&G firm

Company will operate harbour tugs, pilot boats at Qatar Petroleum's Mesaieed Port for 20 years

Qatar Shipping in $522m contract with state O&G firm
Qatar Navigation, which handles cargo, ships petrochemicals and repairs ships, merged with Qatar Shipping last year (Getty Images - image for illustrative purposes only)

Qatar Shipping will provide and operate harbour tugs, pilot
boats and mooring gangs for Mesaieed Port for 20 years from August 2014,
according to a statement.

Qatar Shipping, which owns and runs a fleet of vessels
operating in sectors including crude oil, petrochemicals and liquefied
petroleum gas, already operates the harbour tugs, pilot boats and mooring gangs
at Mesaieed Port.

This operation is expected to continue until the new
contract begins, the company said.

"We are pleased to be able to build on our
longstanding, extensive relationship with QP across a number of our business
units," Qatar Navigation's chief executive Khalifa bin Ali Al-Hetmi said
in the statement.

Qatar Navigation, which handles cargo, ships petrochemicals
and repairs ships, merged with Qatar Shipping last year.

Qatar, the world's largest exporter of liquefied natural
gas, can now produce up to 77 million tonnes of super-cooled gas a year.