14.8 C
Thursday, June 4, 2020
Home News QTerminals signs MoU with CHEC

QTerminals signs MoU with CHEC

Doha – Qatar

QTerminals, the recently-established operator of the first phase of Hamad Port in Qatar, signed a Memorandum of Understanding with the China Harbour Engineering Company (CHEC), a leading provider of full services in Engineering-Procurement-Construction (EPC), Build-Operate-Transfer (BOT), and Public-Private-Partnership (PPP) for both public and private sectors.

The MoU was signed by QTerminals CEO Mr. Neville Bissett and President of CHEC Mr. Tang Qiaoliang, in the presence of HE Minister of Transport and Communications Jassim Saif Ahmed Al-Sulaiti.

The MoU serves the objectives of China’s One Belt, One Road initiative and the Qatar National Vision 2030. It aims to identify and invest in potential maritime investment opportunities around the world. It also comes within Ministry’s endeavors to further boost Qatar’s ranking worldwide and open up new horizons for growth and development in all sectors.

As per the MoU, the two parties shall agree on the working mechanisms concerning funding, designing, constructing, operating and managing the opportunities to be discussed and agreed upon by both companies.

It also strengthens cooperation between the two companies in the framework of their mutual terms of reference, to provide the necessary resources and support to achieve the intended objectives of this cooperation. Moreover, the two parties intend to hold regular meetings and form task forces to implement their plan of action within a specific timeframe.

QTerminals is a terminal operating company jointly established by Qatar Ports Management Company (Mwani Qatar- 51%) and Qatar Navigation (Milaha- 49%) to provide the container, general cargo, RORO, livestock and offshore supply services in Phase 1 of Hamad Port, Qatar’s gateway to world trade.

CHEC is a leading provider of full services in Engineering-Procurement-Construction (EPC), Build-Operate-Transfer (BOT), and Public-Private-Partnership (PPP) for both public and private sectors. Their diverse infrastructure portfolio includes marine engineering, dredging and reclamation, road and bridge, railway, airport, equipment assembly. The company has abundant expertise and experience in other industries as well, such as building, municipal works, environmental, hydraulic engineering, power plant and energy, and resource exploration. By virtue of its advantages in technique, equipment, marketing and manpower, CHEC provides prestigious services globally and is becoming a world-renowned brand in the field of engineering.

- Advertisment - LR Sustainability Decarbonisation Digital Adverts

Latest Posts

ZMPC cranes deal boosts the port of Piraeus

COSCO Shipping Ports and Shanghai Zhenhua Heavy Industries (ZPMC), a heavy-duty equipment manufacturer, have signed a contract for three ship to shore (STS) cranes...

Index shows bunker prices steadily increasing

With crude oil prices steadily climbing in price after the April shocks the bunker fuel prices have, as expected, followed suit and have edged...

MSC Rosa M damages Mumbai crane

The 14,000TEU MSC Rosa M has hit and seriously damaged a crane at the DP World terminal in Nhava Sheva, NSIGT in Mumbai, while...

New distribution centre opens near APM Terminals Mobile

Automotive lift producer BendPak has opened a new distribution centre near APM Terminals Mobile to serve US Gulf, Midwest, East coast and Canadian markets...

Leading shipping lines reveal rates changes in various regions

Major shipping lines are moderating their rating strategy amid the Covid-19 pandemic, which has caused serious reductions in market demand. Given that the key...