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Article: Qatar Shipping eyes ship, firm acquisitions.(Qatar Shipping Company)
- Article from:
- Saudi Economic Survey
- Article date:
- August 30, 2009
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Qatar Shipping Co (Qship), which is merging with Qatar Navigation, plans to take advantage of falling prices in the maritime sector to buy ships and companies over the next 18 months.
Chief executive K K Kothari also told the press recently that the shipper -- which owns and runs a fleet of vessels operating in sectors including crude oil, petrochemicals and liquefied petroleum gas -- would post "good profit" in the second half. "I see an opportunity to buy," Kothari said in a telephone interview from Doha.
"We are planning to buy a number of ships ... we are not looking at making any orders, but to buy ships and companies." Kothari declined to give ...