In Brief

November 2015

Nakilat’s move

Qatar Gas Transport (Nakilat) has increased its foreign ownership limit to 49 per cent, the Qatar Central Securities Depository said in a statement.

Nakilat received approvals for the increase from its shareholders and the government.

Foreign ownership was previously capped at 25 per cent.


KAEC port milestone

MSC Maya, the world’s largest vessel, docked at the private sector King Abdullah Port in the King Abdullah Economic City (KAEC), Saudi Arabia, on October 14, making it the latest of the new supersize container ships to deliver cargo to the kingdom.

The vessel has total capacity of 19,224 teu. Abdullah Hameedaddin, managing director of the Ports Development Company, said: “We are proud of King Abdullah Port’s capability to receive the world’s largest vessels since it positions Saudi Arabia among the elite group of countries with facilities to host the supersize containers being built today and even in the coming decades.”


TGF selects TCS

Toll Global Forwarding (TGF), a logistics services provider, has appointed Bahrain-based shipping and freight forwarding group, Trans Continental Shipping (TCS), as its master franchisee for Bahrain.

Vice president of global franchises for TGF Jeff Khoury said the partnership will operate as TGF Bahrain.

TGF’s ongoing partnership with TCS has end-to-end international forwarding services to customers in the region as a key focus.


Emirates SkyCargo honoured

Emirates SkyCargo won the “Overall Carrier of the Year” prize at the Payload Asia Awards 2015 for the third consecutive year.

Ravishankar Mirle, Emirates vice president of the Far East and Australasia, Cargo, accepted the award at an event in Singapore. Criteria included network coverage and development strategy, operational performance, customer service and product innovations, as well as market leadership, responsiveness and adaptability.

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