DOHA: Qatar Primary Materials Company (QPMC) has signed a contract of afreighment (CoA) with Hyundai Glovis, one of the leading shipping and logistic services companies in the world, for shipping a bulk amount of 50 million tons of aggregates to Qatar over the next five years.
The agreement was signed by QPMC chief executive Eisa Al Hammadi and Hyundai Glovis CEO Kyung-Bae KIM at the company’s headquarters in South Korea, Seoul.
The signed contract is tailor-made to ship the amount of 10 million tons of aggregates per year, with a total number of 806 voyage-series; equivalent to 161 voyages per year, with each vessel intended to carry 75,000 MT per voyage, whilst operating under the highest shipping services carried by Hyundai Glovis globally.
As per the signed agreement – effective from January 1 next year and valid until December 31, 2020 – the vessels loading the intended primary materials capacity will proceed from the port of Fujairah in UAE and Oman all the way to QPMC’s port and logistics area at Mesaeeid in southern Qatar.
Shipping activity at Port Qasim on February 11
KARACHI: Three ships namely, Glen Canyon, Al-Salam- II and TSM Pollux carrying Containers, Gas oil and Palm oil were arranged...
