Milaha, UACC Talk Tanker Fleet Merger

Qatar-based holding company Milaha has launched talks with United Arab Chemical Carriers Ltd. (UACC) on a possible combination of their respective product and chemical tanker businesses.

“If successful, this move is expected to result in a larger and stronger business, provide better financial returns, and strengthen the combined business market position,” Milaha said in a disclosure on Sunday.

As informed, the potential transaction remains subject to due diligence and corporate, regulatory and other necessary approvals.

The joint fleet would have ten tankers, two to be contributed by Milaha and the remaining eight by UACC.

When asked for comment on the disclosure by the World Maritime News, Milaha spokesperson said it was not possible to disclose any further details at the moment.

Share this article

Follow World Maritime News

Posted on April 13, 2015 with tags , .

In Depth>


<< Feb 2020 >>
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >


Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >