Milaha in Talks with UACC on Prospective Merger

Qatari delivery agency Milaha reviews at this time they’ve commenced merger discussions with UAE-headquartered United Arab Chemical Carriers Ltd (UACC).

UACC owns and operates a fleet of twenty-two trendy Medium Range and Panamax LR1 Chemical and Product tankers whereas Milaha owns a extraordinarily numerous fleet of vessels starting from container vessels, diving assist vessels, product tankers, fuel carriers, platform provide vessels and others.

Milaha says, “If successful, this move is expected to result in a larger and stronger business, provide better financial returns,and strengthen the combined business market position.”