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Satyendra Pathak
Doha
Qatar’s decision to raise the production of LNG to 126 million tonnes per annum by 2027 will lead to a boom in the maritime transport and logistics services industry in the country, Qatar National Bank (QNB) Group CEO Abdullah Mubarak al Khalifa said on Tuesday.
Delivering speech at the Qatar Maritime and Logistics Summit in Doha, Khalifa said that the country’s maritime transport sector has already made progress by opening Hamad Port and operating new navigation lines with a number of countries in the world in the last few years.
He said that QNB played a pivotal role in providing financial services and credit facilities for developing the maritime transport industry that supports trade between the Qatar and its commercial partners. Qatar’s plans to achieve self-sufficiency offer many more opportunities in marine transport and related services, he said adding that QNB would continue to support the industry by financing projects related to expansion of ports, logistics services, warehouses and free zones in the country.
Despite the challenges facing the trade movement and the global maritime transport industry, he said, there is a huge potential for development, expansion and investment in technological innovations that support global trade.
Khalifa said that Qatar Maritime and Logistics Summit in Doha comes at a time when the maritime transport industry is witnessing development, changes and challenges.
Maritime transport accounts for 90 percent of global trade traffic and estimated to have contributed approximately $440 billion to global GDP last year, he said adding the shipping industry needs different and diversified financial services given its large size.
Khalifa said that QNB considers shipping sector as one of the four main sectors that the bank want to work with for its growth.
QNB provides distinguished financial services and huge investments in building ships that use clean energy, he said.
While the summit’s first session addressed financing maritime and logistics 2020-2030 and the supply chain in a changing world, the second session discussed global trade trends in 2020-30, changing world trade patterns and their impact on maritime and logistics, sustainability in LNG shipping, safety in the LNG supply chain 2020-30, sustainability and the supply chain in 2020-2030.
Speaking at a session on ‘Liquefied Gas Transport in Transition’, Qatar Gas Transport Company (Nakilat) Joint Ventures Manager Bader al Mulla said the global fleet of LNG transport vessels will reach about 644 ships by 2022 reflecting the remarkable growth in demand for this type of energy.
He said that Nakilat’s share in the global LNG transport ship market will rise to 74 LNG vessels by adding four new ships, which are currently manufactured in Korea, bringing the carrying capacity of Nakilat’s LNG transport vessels to about 12 percent of the global total capacity.
Highlighting Nakilat’s commitment to adhering to all environmental standards and promoting sustainability in its various operations, he said the company is taking various measures including the use of new environmentally friendly engines in its vessels.
Qatar Free Zones Authority Deputy CEO Abdullah bin Hamad al Misnad participated in the third session that that featured topics about liner shipping between 2020 and 2030 and how port businesses are a critical node in the transport network and in the final session, experts have discussed supply chains and shipping in the age of change and safety 2020-2030.
The findings will be drawn together to build an understanding of how global transport hubs will evolve throughout the 2020s. The summit will conclude on Wednesday with a field tour of Hamad Port, where the participants will have the opportunity to explore port’s facilities, stages of development and the cutting-edge technology that port has features, and by setting the agenda for the next Qatar Maritime and Logistic Summit.
Doha
Qatar’s decision to raise the production of LNG to 126 million tonnes per annum by 2027 will lead to a boom in the maritime transport and logistics services industry in the country, Qatar National Bank (QNB) Group CEO Abdullah Mubarak al Khalifa said on Tuesday.
Delivering speech at the Qatar Maritime and Logistics Summit in Doha, Khalifa said that the country’s maritime transport sector has already made progress by opening Hamad Port and operating new navigation lines with a number of countries in the world in the last few years.
He said that QNB played a pivotal role in providing financial services and credit facilities for developing the maritime transport industry that supports trade between the Qatar and its commercial partners. Qatar’s plans to achieve self-sufficiency offer many more opportunities in marine transport and related services, he said adding that QNB would continue to support the industry by financing projects related to expansion of ports, logistics services, warehouses and free zones in the country.
Despite the challenges facing the trade movement and the global maritime transport industry, he said, there is a huge potential for development, expansion and investment in technological innovations that support global trade.
Khalifa said that Qatar Maritime and Logistics Summit in Doha comes at a time when the maritime transport industry is witnessing development, changes and challenges.
Maritime transport accounts for 90 percent of global trade traffic and estimated to have contributed approximately $440 billion to global GDP last year, he said adding the shipping industry needs different and diversified financial services given its large size.
Khalifa said that QNB considers shipping sector as one of the four main sectors that the bank want to work with for its growth.
QNB provides distinguished financial services and huge investments in building ships that use clean energy, he said.
While the summit’s first session addressed financing maritime and logistics 2020-2030 and the supply chain in a changing world, the second session discussed global trade trends in 2020-30, changing world trade patterns and their impact on maritime and logistics, sustainability in LNG shipping, safety in the LNG supply chain 2020-30, sustainability and the supply chain in 2020-2030.
Speaking at a session on ‘Liquefied Gas Transport in Transition’, Qatar Gas Transport Company (Nakilat) Joint Ventures Manager Bader al Mulla said the global fleet of LNG transport vessels will reach about 644 ships by 2022 reflecting the remarkable growth in demand for this type of energy.
He said that Nakilat’s share in the global LNG transport ship market will rise to 74 LNG vessels by adding four new ships, which are currently manufactured in Korea, bringing the carrying capacity of Nakilat’s LNG transport vessels to about 12 percent of the global total capacity.
Highlighting Nakilat’s commitment to adhering to all environmental standards and promoting sustainability in its various operations, he said the company is taking various measures including the use of new environmentally friendly engines in its vessels.
Qatar Free Zones Authority Deputy CEO Abdullah bin Hamad al Misnad participated in the third session that that featured topics about liner shipping between 2020 and 2030 and how port businesses are a critical node in the transport network and in the final session, experts have discussed supply chains and shipping in the age of change and safety 2020-2030.
The findings will be drawn together to build an understanding of how global transport hubs will evolve throughout the 2020s. The summit will conclude on Wednesday with a field tour of Hamad Port, where the participants will have the opportunity to explore port’s facilities, stages of development and the cutting-edge technology that port has features, and by setting the agenda for the next Qatar Maritime and Logistic Summit.
