Doha, Qatar (PortSEurope) December 20, 2018 – Qatar Terminal Co., Ltd. (QTerminals), the operator of the first phase of Hamad Port in Qatar, is searching for business opportunities in the Black Sea region as part of its strategy to expand internationally.
QTerminals is looking into the Black Sea on the background of the embargo of June 2017 when Saudi Arabia, the United Arab Emirates, Egypt, Bahrain and the Maldives broke off diplomatic relations with Qatar and ceased air and sea communication with the kingdom, suspecting of large-scale support for terrorism in the Middle East.
The terminal operating company, owned by Qatar Ports Management Company – Mwani Qatar (51%) and Qatar Navigation – Milaha (49%), has already focused on several projects in the Black Sea region and initial due diligence has been undertaken, its chief executive officer Neville Bissett was quoted as saying.
QTerminals expect to work in the Black Sea region together with China Harbor Engineering Company (CHEC) and projects could be ongoing operations in the developed ports, or greenfield investments to build new ports.
Qatar Terminal Co., Ltd. owns and operates liquefied natural gas (LNG) terminals; it is responsible for enabling Qatar’s imports and exports, its maritime trade flows.
QTerminals’ monthly container traffic averages 105,000 TEUs (twenty-foot equivalent units). Its operations in Hamad Port include a container terminal with an annual capacity of two million TEUs and general cargo, roll-on roll-off and livestock terminals with a capacity of 1.7 million tonnes and 500,000 vehicles.
In November 2018, QTerminals handled 137 vessels, 107,631 containers TEU, 7,432 Ro-Ro units and 2,178 livestock heads.
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