History

Qatar Shipping Company W.L.L (QShip) was established in December 1992, with its major shareholders being Qatar Petroleum and Qatar Navigation, holding about 15% each, while the remaining shares were held by other local companies and individuals. The Company started commercial operations in February 1994, when it acquired its first vessel and has done all commercial operations since then from Qatar. The Company commenced technical management of its fleet in 1999 with its team in Qatar.

During the period 1994 to 2003, QShip also owned and operated two Oil/Bulk/Ore (OBO) vessels, which traded in crude oil, iron ore, and coal cargoes. All the vessels currently owned and operated by QShip were ordered as newbuilds, with the site supervision also done for most of them by the QShip site team. Four of the Company’s newbuilds, together with the older tonnage acquired during the formative years of the Company, have been systematically phased out at an opportune time. New ventures as well as asset play have enabled the Company to add significant value to the shareholders.

In 1997, QShip and Mobil Shipping and Transportation Company (MOSAT) formed a Joint Venture company to own and operate two new Aframax tankers. These vessels were built in 1999 and operated till 2008.

From 1999 to 2014, QShip provided harbour towage, pilot boat services and mooring crew at Mesaieed Port with six tugs and three pilot boats. In 2003, under another ten-year contract with Qatar Petroleum (QP), QShip operates a berthing assistance tug at Halul Island Tanker Terminal. This contract has been extended to 2019. QShip tugs have also provided harbour towage services in the port of Ras Laffan, the world’s leading LNG export terminal, as well in all other ports in Qatar.

From 2002 onwards, QShip has ownership stakes ranging from 15% to 30% in nine LNG carriers, with the other stakeholders being Mitsui & Co., MOL, K Line, NYK, Maersk and SCI. All the vessels are engaged on long term time charter contracts.

QShip is a founding shareholder with a 15% stake in Qatar Gas Transport Company Ltd. (Nakilat), which was formed in 2004 as an integral part of the LNG supply chain for the State of Qatar.

QShip is also a partner with Nakilat in a 50:50 joint venture company “Gulf LPG Transport Company W.L.L”, which was formed in 2008 primarily for owning and operating four Very Large Gas Carriers (VLGCs).

In 2008, “Qatar Shipping Company (India) Pvt. Ltd” was established in Mumbai, India primarily for the recruitment of officers and crew for the Company’s vessels.

It was independently listed on the Qatar Stock Exchange up to 2010, after which it was fully acquired by Qatar Navigation Q.P.S.C (Milaha) and is now a part of the Milaha Gas and Petrochem business area.

In 2011, QShip was awarded the contract by Qatar Petroleum to build & operate 19 vessels for the harbour towage, pilot boat services and mooring crew services at Mesaieed Port. The 20-year contract commenced in 2014. The vessels were constructed in Qatar at the Nakilat Damen Shipyard Qatar Ltd. (N-DSQ) under QShip’s site supervision.

In 2015, QShip increased its share in two LNG carriers Milaha Ras Laffan and Milaha Qatar to 100%.