Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) has taken possession of a 9,000m3 vessel “GAS IONIAN” on a time-charter basis.
The LPG carrier, built in 2011, will be primarily used to transport vinyl chloride monomer (VCM) produced by Qatar Vinyl Company to customers on the sub-continent and South East Asia.
Distinguished guests from Muntajat and Qatar Vinyl Company (QVC) met with the crew onboard to discuss future plans and shipments.
The new vessel is expected to further enhance the operation of Muntajat and guarantee faster shipping time to better serve global customers.
In the course of the past few months, Muntajat’s shipments have reached across Asia, Africa, Europe, North America and South America. The company will rely on its advanced supply chain programme to reduce product delivery lead times and better serve its global customers.
Muntajat CEO Abdulrahman Ali al-Abdulla Muntajat said, “Muntajat’s operational strength emanates from its ability to reduce lead-times and decentralise distribution; we are always seeking new ways to maximise efficiency in our operations for the benefit of our customers. We are pleased to add to our fleet this state-of-the-art vessel that will enable us to achieve new levels of efficiency and economy in distribution. Muntajat will acquire similar modern tonnage in the future as we look to further expand our network.”
QVC chief executive officer Hamad Rashed al-Nuaimi said, “QVC has been producing VCM since 2001 and our VCM is mainly supplied to the subcontinent. I am sure this new ship will add value and flexibility for transportation of VCM to valued customers of Muntajat. QVC products are well accepted in the market and we believe that Muntajat’s market presence and service to its customers will be improved by this ship.”
Muntajat executive director (marketing and sales) Yousef Jeham al-Kuwari said, “Taking on this new ship clearly demonstrates Muntajat’s commitment to providing safe and reliable distribution of Qatar’s chemical products to our customers. Additionally, the new vessel will be able to carry two grades of cargo at the same time, which provides Muntajat with additional flexibility.”
Muntajat’s executive director (operations) Dr Mark Betts said, “The ship has her own nitrogen plant onboard, which allows GAS IONIAN to nitrogen purge her cargo tanks. The new ship had already shown impressive capabilities in gassing up and cooling down her cargo tanks in less than 24 hours compared to the usual 48 hours. Furthermore, the ship loaded a full cargo of 8,450 metric tonnes of VCM in a safe and efficient manner which benefits both producers and customers.”
The new vessel is expected to further enhance the operation of Muntajat and guarantee faster shipping time to better serve global customers.
Over the last few months, Muntajat’s shipments have reached Asia, Africa, Europe, North America and South America. The company will rely on its advanced supply chain programme to reduce product delivery lead times and better serve its global customers.