Qatar Navigation (Milaha) has earned a net profit of QR278mn in the three months that ended in March, up from QR260mn for the same period in 2018.
Milaha has embarked on a multi-pronged strategy, which includes opening new shipping routes, especially into Europe and selected South East Asian markets this year, as part of its efforts to further cement its leading position in the global maritime and logistics industry.
Qatar Shipping, a subsidiary of Milaha (formerly Qatar Navigation), is acquiring another 5.9% stake in Nakilat, to effectively raise its total holding to 36.3%.
Company selects European project management and engineering consultancy Royal HaskoningDHV to develop plans to upgrade its shipyard facilities.
A delegation from the Community College of Qatar (CCQ) is taking part in the 2018-2019 Huawei ICT Competition Finals being held in Shenzhen, China.
Milaha participated in the ‘2nd Business Continuity and Resilience Conference’, which was held in Doha last week under the patronage of HE the Minister of Commerce and Industry Ali bin Ahmed al-Kuwari and attended by business continuity
Powered by its maritime and logistics, offshore, as well as capital units, Milaha reported more than 11% increase year-on-year in net profit to QR297mn in the first six months of this year.