Middle East Economic Survey

VOL. XLVIII

No 21

23-May-2005

QATAR

Q-Ship To Order Four LPG Carriers From Hyundai Heavy Industries

Qatar Shipping Company (Q-Ship) has signed a letter of intent to order four 82,200 cu ms LPG carriers from Koreas Hyundai Heavy Industries for delivery in 2008-09. According to a Qatar News Agency report of 16 May, the total value of the order is $385mn and is part of the companys fleet modernization and renewal program. Delivery of the new ships will start in 2Q 2008....