Qapco, Norgas in ethylene shipment deal
Doha, February 3, 2009
Qatar Petrochemical Company (Qapco), a subsidiary of Industries Qatar, has signed a contract of Affreightment (COA) with the gas shipping Norwegian company Norgas Carrier for shipping Ethylene.
The COA signing ceremony culminated in the inauguration of the newly established Norgas branch office in Bahrain attended by Qapco general manager Dr Mohamed Yousuf Al-Mulla and Qapco group manger (commercial and marketing) Abdulrahman Ali Abdullah.
Norgas has a long service history in Qatar and has been Qapco's major ethylene transport provider for over 15 years.
Norgas is a part of the IM Skaugen SE (IMSK) group, which is engaged in the transportation of petrochemical gases and LPG, marine transfer of crude oil and LNG, as well as the design and construction of smaller and specialized high quality marine vessels.
Listed on the Oslo stock exchange, IMSK employs 1,600 people and currently operates 38 vessels worldwide.
The fleet comprises petrochemical gas and LPG carriers, Aframax tankers and lightering support vessels, barges and tugs.-TradeArabia News Service