Qatar Shipping: Capabilities - Shipping Safely and Reliably · Started Qatar Shipping Company...

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Qatar Shipping

Qatar Shipping Co. - A Milaha Group Company


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Qatar Shipping Company S.P.C (Q Ship) is a 100% subsidiary of Milaha (Qatar Navigation), headquartered in Doha, Qatar.

The company was incorporated in 1992, with Qatar Petroleum and Qatar Navigation (later re-branded as Milaha) as major share holders.

It was independently listed in the Qatar Stock Exchange up to 2010, after which it was fully acquired by Milaha (Qatar Navigation).

Q Ship owns and operates a fleet of 7 crude oil, product and LPG tankers. Additionally, the company owns and operates a fleet of 27 harbour crafts, comprising of tugs, pilot boats and mooring boats.

It has ownership stakes in Very Large Gas Carriers (VLGC) and LNG vessels ranging from 15% to 100% with other stake holders such as Mitsui, NYK, K-Line, Nakilat and SCI. Additionally, the Milaha Group holds a 30% stake in Nakilat (Qatar Gas Transport Company)

Q Ship’s Vision is to enhance the value of all stakeholder interests by continuously exploiting opportunities in niche areas of the global maritime sector by being the preferred partner of choice

Q Ship’s Mission is to provide safe, reliable and efficient maritime solutions to our customers across the globe with utmost care for the environment.

Qatar ShippingOverview

Background

Our Mission

Our Vision


1992 1994 1999 2010 2011 2012

Qatar Shipping Company formed

2008

Commenced commercial operations with tankers and OBOs

Commenced technical operations of the owned fleet comprising of 5 tankers

Started Qatar Shipping Company (India) Pvt. Ltd. to commence crew management from India.

Started Gulf LPG in partnership with Nakilat for ownership and operations of VLGCs.

Offloaded vessels at market peak as part of company’s asset strategy.

Commenced operations of harbour crafts (pilot boats and tugs) at Mesaieed for Qatar Petroleum on a 10 year contract.

Acquired by Qatar Navigation (Milaha) to become a 100% subsidiary

Awarded 20 year contract by Qatar Petroleum for building 19 harbour craft and deploying them in Mesaieed Port

Increased stakes in LNGCs MilahaQatar and Milaha Ras Laffan from 25% to 40% and took over the commercial management.

1997

JV with Mobil (Exxon Mobil) for ownership and operations of tankers1

2001

Initiated Q Ship strategy of asset buildup based on market forecasts; Fleet size increased to 15 and partial ownerships in LNG sector

1JV with Exxon Mobil closed in 2014

2004

Became a founder shareholder with 15% share to start Nakilat – the world’s largest LNG shipping company.

2014

Started harbour craft operations in all 4 ports of Qatar at Doha, Mesaieed, Ras Laffan and Halul Island

2015

Increased stakes in LNGCs Milaha Qatar and Milaha Ras Laffan from 40% to 100%

Qatar ShippingKey Milestones

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OffshoreGas &

PetrochemMaritime &

LogisticsTradingCapital

Maintenance, diving and subsea construction services

LNG transport

LPG transport

Crude, Product and Chemical Tankers

Harbour tugs and Mooring operations

Port services

Warehousing & Logistics

Container feeder

Shipping agency

Shipyard and steel fabrication

Bulk shipping

Trading agencies in trucks and heavy equipment

Travel and tourism agency

Real estate properties

Shareholdings and other non-maritime investments

Milaha

Qatar Shipping Co. S.P.C owns a fleet of oil & gas tankers, LNG and LPG tanker Joint Ventures with international partners, and harbour craft operations.

This constitutes the Milaha Gas and Petrochem business pillar of Milaha

Qatar ShippingCorporate Structure within Milaha

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Qatar Shipping Company S.P.C

Product & Crude Tankers

Gas CarriersHarbour Craft

OperationsJoint Ventures and Strategic Holdings

• 1 Fully Owned Aframax Crude Tanker

• 2 Fully Owned LR2 Product Tankers

• 2 Handysize Product Tankers

• 2 Handysize LPG / Ammonia carriers

• 27 harbour crafts, including tugs, pilot boats and mooring boats with Operations in Doha Port, Mesaieed Port and Halul Island

• Mooring gangs

• Gulf LPG (JV for VLGCs ownership & operations with Nakilat)

• Shareholding of 30% in Nakilat

• Shareholding between 15% & 100% in 9 LNG JVs

• 1 In-Chartered VLCC.

• 13 In-Chartered LR1 and MR2 tankers.

Commercial Operations

Technical Operations

Support Functions

Qatar ShippingBusiness Overview

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Chief Executive Officer

Manager, Health, Safety, Environment &

Quality / Designated Person Ashore (DPA)

Senior Manager Technical

Technical Superintendent



Senior Manager Marine & Operations

Operations Superintendent

General Manager Manning

Crew Manager

Assistant Crew Manager

Chartering Executive

Qatar Shipping Organization Structure

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Concept and designNew Building

supervision and management

Technical Management

Crew Management

Commercial Operations & Management

Provided with 3rd party external partners

Provided by Qatar Shipping’s in-house team

Qatar Shipping has developed projects for vessels across sectors ranging from Aframax and Gas carriers to harbour crafts such

as pilot boats and mooring boats

Vessels have been chartered to major international oil and gas majors and trading companies

All our operations are certified as per international requirements, namely:

o ISO 9001:2008

o ISO 14001:2004

o OHSAS 18001:2007

o Document of Compliance (DOC) for oil/ chemical tankers, gas carriers and other ships

We are a ship owning company with extensive in-house ship management capabilities which enables us to realize and deliver

the true value propositions for the ship owners

1 2 3 4 5

Ship Management Capabilities across the Value Chain

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Capt. Joseph Coutinho – Chief Executive Officer, Qatar Shipping Co. S.P.C- 35 years of experience in shipping industry, including 16 years of sailing experience and 19 years with Q Ship in the Doha office. - Headed the establishment of in-house ship management capabilities in Q Ship from 1997. - Headed Marine Operations and Commercial Management. Served as COO from 2008 and took over as CEO in January 2013.- Board member representing Q Ship interests in various international companies.- Alumnus of Indian Institute of Management, Ahmedabad, and Middlesex University, UK. MBA in Shipping and Logistics. Fellow of the

Institute of Chartered Shipbrokers (UK) and Fellow of the Nautical Institute (UK).

Capt. Suresh Kumar - Senior Manager, Marine & Operations, Qatar Shipping Co. S.P.C- Heads the Marine Operations of Q Ship. - 37 years of experience in shipping industry.- Working with Q Ship since 1995, where initially he was Master of Q Ship vessels before moving to the Doha office in 2000.- 20+ years of sailing experience across all vessel types.- Alumnus of T.S Dufferin, India. MBA in Shipping and Logistics. Fellow of the Institute of Chartered Shipbrokers (UK).

Rahul Bhargava - Senior Manager, Technical, Qatar Shipping Co. S.P.C- Heads the Technical Operations of Q Ship - 36 years of experience in shipping industry- Working with Q Ship since 2008, prior which he was Technical Superintendent for 6 years focusing on LPG newbuildings and technical

management- 18+ years of sailing experience across all vessel types- was the first certified Gas Engineer in India- Alumnus of Marine Engineering Research Institute (MERI), India

Capt. Soumitra Mazumdar- General Manager, Qatar Shipping Company (India) Private Limited - Heading the Manning operations of Q Ship since 2009- 37 years of experience in shipping industry- Member of the Q Ship ’s VLGC team from September 2007.- Sailed for the Shipping Corporation of India in all ranks. After joining shore service with SCI in 1998, worked for five years in the Safety &

Quality department and also as Superintendent of gas tankers and phosphoric acid carriers.- Alumnus of T.S Dufferin, India.

Qatar ShippingSenior Management

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Broad Experience in New Building Supervision across Vessel Types

New Building supervision for vessels across various sectors ranging from VLGCs (Very Large Gas Carriers) and Aframax tankers to Pilot boats and Tugs

Management experience in supervising new building projects in Korea and the Middle East

Supervised New Building Programs for construction of the 4 Very Large Gas Carriers, jointly owned by Qatar Shipping and Nakilat in HHI Shipyard, Korea

Supervised the construction of 19 pilot boats, mooring boats and tugs with latest on-board, design and propulsion technologies in NDSQ Shipyard, Qatar

Managed supervision of new buildings of vessels fully owned by Qatar Shipping in shipyards in Korea, and ensured 100% of deliveries within budgeted costing and timelines

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Achievements

New Building supervision and management2


Our Commercial, Operations and Technical Management team comprises experienced commercial personnel and former sea-going personnel with total experience in excess of 100 years.

Our Management capabilities span across all functions of vessel operations to ensure safe and efficient vessel operations. Our internal processes are supported by a dedicated in-house process excellence team

Track record of consistently running vessels in full compliance with International and region-specific rules and regulations

Robust IT-supported capabilities in monitoring vessel operations and process/ results benchmarking to identify improvement opportunities

We have managed more than 50 dry-docks since inception across dry docks in Far East, Middle East and Europe

We optimize dry-dock expenses by planning and scheduling machinery and equipment maintenance by on-board teams and surveys prior dry-dock entry

Our maintenance and repair program, managed through SHIPNET, is focused on preventive maintenance systems and life cycle management

Our technical management performance is evident from the low off-hire/ down time compared to industry averages and low running costs

Dry-docking

Vessel Operations

Maintenance and Repair

3.1

3.2

3.3

Robust Vessel Management Capabilities supported by IT and Process Excellence

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3Vessel Management (1)


Our technical team always explores possibilities of design improvements and implementation of latest technologies in ship design and operations at optimal capital investments to maximize values delivered to our customers

We have successfully implemented Mewis duct on our owned vessels which has reduced fuel consumption by 4-5% while meeting speed requirement as per charter party

We are committed to implementing MARORKA energy savings systems on our vessels to cater to energy efficiency requirements for key customers

Our procurement strategy is carefully tailored to support efficient vessel operations while optimizing working capital requirements through well-planned procurement schedule

o Single ERP platform to manage inventory and procurement to enable efficient purchase decisions which optimizes inventory levels

We have close tie-ups with key vendors to achieve quality sourcing at discounted pricing Contracts Negotiation: Our procurement strategy for delivering savings in sourcing is

supported by contracts negotiation team to achieve optimal pricing

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We are strongly focused on efficient sourcing and supporting asset values

3Technical Management (2)

Procurement

Retrofitting/ Re-designing / systems implementation

3.4

3.5

Oil & Gas Tankers Crewing (India)

Container, Bulk Carrier and Harbour Crafts crewing


Officer and Ratings

recruitment

Training and Development

We have a wide network of 250 officers and crew, with regular experienced officers in Top Four positions

We have experience of manning vessels chartered to oil majors such as Shell, Exxon and Total with full compliance with the matrix requirements

We manage the crew management for our oil and gas tanker fleet through Q Ship India Pvt. Ltd, a 100% subsidiary of Qatar Shipping, and is located in Mumbai, whereas our crew management team for container and bulk fleet and harbour crafts is based in Doha.

Q Ship India, manned by a team of 7 personnel, is headed by a former Master Mariner with 18 years of sailing experience followed by experience as a Superintendent in Shipping Corporation of India (SCI) and Q Ship.

We have career development plans for promising officers, with cases of company trainees progressing to become technical superintendents in shore offices

Container Fleet

Harbour Crafts

We have a network of 200 officers and crew for manning our container fleet, which operates in a regional network

We manage the fleet of harbour crafts to support operations at Doha Port, Mesaieed Port, Ruwais, Hamad Port and Halul Island with a network of 250 personnel

All personnel are recruited and managed in-house with retention levels above 95%

4.1

4.2

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Our manning strategy is designed to support international and regional fleet operations

4Crew Management


Q Ship has extensive experience in chartering-in vessels and spot market operations, and asset plays depending on prevailing market conditions. It charters in vessels in partnership with major counterparties to capture possible market opportunities.

Q Ship has consistently chartered out its vessels to Oil Majors and major trading houses, supported by in-house technical management.

Operations for the Oil and Gas tanker fleet is led by a Master Mariner, reporting to the CEO and supported by 5 personnel.

The Operations Superintendent is a former Master Mariner of Q Ship gas tanker fleet having extensive experience of LNGCs, VLGCs, LGCs and semi-ref carriers.

The Chartering Executive has substantial experience in pre and post fixture operations, including heading the demurrage team of global shipping major.

Our pre-fixture and post fixture operations are closely monitored, which has enabled us to stream line our operations.

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5Commercial Operations & Management

Vessel Chartering

Pre-fixture & Post-fixture operations

5.1

5.2

Our commercial strategy has enabled us to realize returns across cycles


2010 2011 2012 2013 2014 2015

Q Ship Operating Profit (USD)69,556,986 51,115,616 44,493,425 14,364,384

18,667,671 45,974,247

Q Ship Consolidated Profit (USD) 108,142,192 87,416,986 95,799,726 94,109,315

103,985,479 115,809,863

Investment income - JV and associates (USD) 31,573,973 37,854,521 35,050,959 69,769,589

75,120,822 74,297,260

Q Ship Operating Revenue (USD) 169,561,096 158,309,589 159,288,767 58,011,781

75,445,205 114,174,247

-

20,000,000

40,000,000

60,000,000

80,000,000

100,000,000

120,000,000

140,000,000

160,000,000

180,000,000

2010 2011 2012 2013 2014 2015

Q Ship Operating Revenue (USD) Q Ship Operating Profit (USD)

Q Ship Consolidated Profit (USD) Investment income - JV and associates (USD)

Financial Performance

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Vessel Name Q Ship ownership

JV Company Vessel Type Year built

CBM DWT

Jinan 100% Product / Chemical Tanker 2003 37,285

Dukhan 100% Product / Chemical Tanker 2003 37,283

Umlma 100% Crude Carrier 2006 106,005

Mesaieed 100% Product Tanker 2006 106,008

Khawr Aladid 100% Product Tanker 2006 106,003

Almarona 100% LPG/Ammonia Carrier 2004 22,500 17,446

Almajedah 100% LPG/Ammonia Carrier 2004 22,500 17,476

Bu Sidra 50% Gulf LPG Transport Co. WLL Very Large Gas Carrier 2008 82,200 54,534

Umm Laqhab 50% Gulf LPG Transport Co. WLL Very Large Gas Carrier 2008 82,200 50,538

Al Wukir 50% Gulf LPG Transport Co. WLL Very Large Gas Carrier 2008 82,200 50,534

Lubara 50% Gulf LPG Transport Co. WLL Very Large Gas Carrier 2009 82,200 50,526

Disha 15% India LNG Transport Co. (No.1) Ltd. LNG Carrier 2004 136,026 81,097

Fuwairit 29% Camartina Shipping Inc. LNG Carrier 2004 138,000 74,067

Milaha RasLaffan 100% Milaha Ras Laffan GmbH & Co. KG LNG Carrier 2004 138,000 73,705

Dukhan 20% Qatar LNG Transport Ltd. LNG Carrier 2004 135,000 72,553

Raahi 15% India LNG Transport Co. (No.1) Ltd. LNG Carrier 2004 136,026 81,237

Lusail 29% Peninsula LNG Transport No. 1 Ltd. LNG Carrier 2005 138,000 78,489

Al Thakhira 29% Peninsula LNG Transport No. 2 Ltd. LNG Carrier 2005 145,000 78,500

Al Deebel 29% Peninsula LNG Transport No. 3 Ltd. LNG Carrier 2005 145,000 76,500

Milaha Qatar 100% Milaha Qatar GmbH & Co. KG LNG Carrier 2005 145,500 76,500

Current Fleet:Crude, Product,LPG and LNG tankers

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Vessel Name Ownership Vessel Type Year Built Vessel Name Ownership Vessel Type Year Built

Al Mashra 100% Harbour Towage Tug 2001 Zarka 100% Pilot Boat 2000

Ghasham 100% Harbour Towage Tug 2001 Zarka II 100% Pilot Boat 2014

Sailain 100% Harbour Towage Tug 2001 Alkharara II 100% Pilot Boat 2014

Soda Natheel 100% Harbour Towage Tug 2001 Shaqra II 100% Pilot Boat 2014

Umm Slal 100% Harbor Towage Tug - 35T 2014 Aljubailat 100% Pilot Boat 2014

Jinan II 100% Harbor Towage Tug - 35T 2014Shaqra 100% Pilot Boat 2007

Ghasham II 100% Harbor Towage Tug - 55T 2013 Alafja 100% Mooring Boat 2013

Sodanatheel II 100% Harbor Towage Tug - 55T 2013 Almelaihat 100% Mooring Boat 2013

Al Mashra II 100% Harbor Towage Tug - 55T 2013 Umm Hawta 100% Mooring Boat 2013

Sailain II 100% Harbor Towage Tug - 55T 2014 Althumama 100% Mooring Boat 2013

Semesma 100% Harbor Towage Tug - 80T 2014 Wassit II 100% Mooring Boat 2013

Salwa 100% Harbor Towage Tug - 80T 2014 Almashaf 100% Mooring Boat 2013

Wassit 100%Tanker Berthing Assistance

Tug2004 Wadi Al Sahal 100% Service Boat 2013

Al Kharara 100% Pilot Boat 2000

Current Fleet:Harbour Tugs, Pilot and Mooring Boats

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S. No

Vessel Charterers From To Contract Period

1 JINAN CSSA (TOTAL) May,2007 March,2013 6 years

SCORPIO TIME CHARTER

April,2013 In POOL 2 YEARS

2 DUKHAN HEIDMAR TIME CHARTER

2007 2010 3 Years

NORDEN A/S 2010 May,2013 3 Years

NAVIG8 June ,2013 In POOL

3 KHAWR ALADID

S.K. SHIPPING Jun-06 May-11 5 years ( from Delivery at Shipyard )

NAVIG8 Apr-12 Apr-13 1 year

SCORPIO TIME CHARTER

Jul-13 In POOL

4 UMLMA TEEKAY 2006 2009 3 Years

BPCL June ,2009 2012 3 Years

HEIDMAR POOL May-12

5 ALMAJEDAH YARA 2007 2009 2 Years

QAFCO ( MUNTAJAT ) Jan-10 Jan-13 3 Years

TRANSAMMONIA MAY,2014 Aug,2014 60Days +

YARA Aug-14 1+1 Years

6 ALMARONA QAFCO ( MUNTAJAT ) Mar-04 Mar-14 10 Years

MUNTAJAT Mar-14 2+2 Years

7 MESAIEED ST SHIPPING ( GLENCORE )

2006 2008 2 years ( from Delivery at Shipyard )

STB ( EXXONMOBIL) Jun-08 May-11 3 Years

NAVIG8 POOL Dec-11

Overview of selected major contracts:

Our Key Customers & Partners

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Thank You

THANK YOU

Capt. Joseph F. CoutinhoChief Executive OfficerQatar Shipping Company S.P.C.

Qatar Navigation Q.S.C. (MILAHA)523, East Industrial Road,

P.O.Box 22180, Doha, QatarTel: +974 4494 9666; Fax: +974 4483 3244

www.milaha.com


Qatar Shipping: Capabilities - Shipping Safely and Reliably · Started Qatar Shipping Company...

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