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S’hail Shipping to Acquire 2 More Vessels in Early 2020

Logistic News - Published on Tue, 12 Nov 2019

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Doha based Qatari maritime company S’hail Shipping and Maritime Services has announced to expand its fleet size. It announced to buy two more modern vessels to expand its fleet and global operations. The additional vessels, which are expected to be acquired by early next year, will take the total number of S’hail Shipping’s fleet to nine. In May this year, S’hail had signed an agreement to acquire two bulk carriers for a total consideration of USD 20.6 million. The latest ships, S’hail Al Rayan and S’hail Al Dukhan, slated to join the fleet by June, will take the total number of vessels to seven.

Within a short span of time, S’hail Shipping and Maritime Services, has registered a significant growth despite the blockade given the fact it was established to operate in Gulf waters with an aim to import gabbros and other drybulk from neighbouring countries, but due to the ongoing siege, it is compelled to operate internationally.

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Posted By : Yogender Pancholi on Tue, 12 Nov 2019
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