Qatar Shipping Company (Q Ship)
Location
Qatar Shipping Company (Q Ship) was established in December 1992 and started commercial operations in February 1994. The Company is listed on the Doha Stock Market and, whilst it’s major shareholders are Qatar Petroleum and Qatar Navigation holding about 18% and 15% respectively, the shares are widely held with about 40% by individuals and about 27% by other companies and establishments.
The Company’s Head Office is in Doha, Qatar from where the corporate and ship management services are carried out. The Company has recently set up “Qatar Shipping Company (India) Pvt. Ltd” in Mumbai, India primarily to deal with the crewing requirements of the company.
Vision:
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.
Mission:
Q Ship’s Mission is to provide safe, reliable and efficient maritime solutions to their customers across the globe with utmost care for the environment.
In pursuing their vision and mission, they are guided by a clear, widely held set of core values to ensure the profitability and viability of Qatar Shipping Company. Prime amongst these is the highest standard of ethics in the conduct of all their business dealings and routine operations.
Q Ship is an international shipping company which owns and operates, wholly and partially, a young, mixed fleet of vessels in a number of trades which include Crude oil, Petroleum Products, Liquefied Petroleum Gas, Ammonia, Petrochemicals, Liquefied Natural Gas and Offshore support services. Besides local clients like Qatar Petroleum and its subsidiaries, Qatar Fertiliser Company, and Qatar Steel Company, Q Ship’s clients include all the major oil and gas companies and leading international trading companies. During the period 1994 to 2003, Q Ship also owned vessels and operated in the Dry Bulk segment and the company is poised to make a return to the Dry Bulk segment at an opportune time. Q Ship was awarded the contract for the transportation of about 6 million tonnes per annum of aggregate from the UAE to Qatar and this contract would commence in April 2010 and last five years. All the vessels currently owned and operated by Q Ship have been ordered by Q Ship as newbuildings, with the site supervision also done for most of them by the Qship site team. In addition to these newbuildings, the older tonnage acquired during the formative years of the company has been systematically phased out at an opportune time. New ventures as well as asset play have enabled us to add significant value to their shareholders.