Milaha informed that its unit, Qatar Shipping Company, acquired the remaining 60% interest in two liquefied natural gas carriers, Milaha Ras Laffan and Milaha Qatar, from Société Générale.
Following the acquisition, Milaha increased its stake in those entities from 40% to a controlling 100%, the company informed in a statement.
Both vessels were built by Samsung Heavy Industries, and are chartered to RasGas under a 25 year long-term fixed time charter agreement.
The 2004-built, 138,273 cbm Milaha Ras Laffan and 2006 built Milaha Qatar with the capacity of 145,602 cbm have approximately 14 years and 16 years remaining, respectively, under the time charter agreement.
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LNG World News Staff; Image: Maersk