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The shipping section provides a comprehensive posting of all the latest shipping related news. Have news to submit? Email the Editor.
Feb 01, 2010
Qatar Navigation Company and Qatar Shipping Company approve merger
Qatar Navigation Company and the Qatar Shipping Company are to merge, after the companies’ boards of directors approved the plan.
An exchange ratio of 2.2 shares of Qatar Shipping for each share of Qatar Navigation was approved, according to a joint statement on the Doha Securities market website.The Qatari government first started to explore a potential transaction in November 2008, when a steering committee was formed to consider the details of the proposed study. The transaction remains subject to finalisation of structuring matters, negotiation of the terms of definitive merger documentation, approval by the shareholders of both companies, full regulatory and legal approval and customary closing conditions.
 
A word from ESPO
 1 September is not only the start of a new school year for many children, it also marks a fresh start for EU lobbyists after the August intermezzo during which the otherwise buzzing Schuman quarter in Brussels traditionally becomes an eerie ghost town.
WFS Technologies announces appointment of Dr Mark Volanthen as Chief Executive OfficerWFS Technologies has announced the appointment of Dr Mark Volanthen as Chief Executive Officer.
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