Milaha Acquires its Largest Container Vessel | Global Trade Magazine
Ocean Carriers
  February 13th, 2018 | Written by

Milaha Acquires its Largest Container Vessel

Part of Ongoing Expansion of Group’s Fleet

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  • New vessel will be one of the 17 container vessels that Milaha group operates.
  • Milaha currently owns and operates a fleet of over 80 vessels.
  • New vessel is part of Milaha’s strategy to optimize container shipping network with larger tonnage.

Milaha, a Qatar-based maritime and logistics conglomerate, has acquired its largest container vessel to date, Majd, a 3,768 TEU vessel.

The new vessel will be one of the 17 container vessels that the group operates, and is part of the ongoing expansion of the group’s overall fleet. Milaha currently fully owns and operates a fleet of over 80 vessels, including LNG and product tankers, offshore support vessels, container and bulk vessels, among other vessel categories.

Commenting on the new acquisition, Milaha’s President and CEO Abdulrahman Essa Al-Mannai said, “We are pleased to add Majd to our growing fleet in the few coming weeks. The new vessel is part of our strategy to optimize our container shipping network with larger tonnage to meet increasing customer demand for capacity and cost efficiency in a highly competitive market. Majd will be phased into our existing network and will gradually replace smaller tonnage.”

Majd was built by STX Shipbuilding Co. Ltd. in South Korea, and has a length overall (LOA) of 246.87 meters and a deadweight of 44,985 metric tons.

Milaha was established in 1957 as the first public shareholding company registered in Qatar and holds commercial registration number 1.  The company’s current activities include marine transportation in gas, petroleum products, containers and bulk; offshore support services; port management and operations; logistics services; shipyard; trading agencies; real estate investments; and asset management.

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