Milaha has wrapped up a 10-year financing package to fund a fleet of harbour vessel newbuildings.
The company, formerly known as Qatar Navigation, secured the $110m loan from Qatar National Bank to cover the cost of the 19 ships it will operate in the Port of Mesaieed.
The order was placed at Damen-Nakilat shipyard in Qatar in early 2010.
Milaha’s unit, Qatar Shipping will deploy the vessels on a 20-year, QAR 1.8bn
