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Luxembourg offers its expertise and cooperation to Qatar
2004 November 25

  
  Luxembourg's minister of economy and foreign trade Jeannot Krecke said in an interview that he hoped Luxembourg's highly developed steel sector can find a good market in Qatar because of the construction boom here. "I was told government is in the process of constructing several high rise buildings in Doha. Their construction requires 
extensive usage of steel beams for stability. We have the expertise in this and can offer it," Krecke said.

He said Luxembourg has the vast technical know-how in port development and as Qatar is developing its ports, co-operation in this area is also possible.

Krecke said one of the world's largest cargo carriers and logistics providers, the Luxembourg-based Cargolux, is considering an entry into Qatar. 

"Cargolux looks certain to operate in and out of Doha," he said. Cargolux currently operates services to the UAE.

Earlier, addressing Qatari businessmen, Krecke urged them to consider Luxembourg for trade and investments. 

He said Luxembourg would consider opening its regional trade office in Qatar or in the UAE. "These are the two places we have in mind now. Both Qatar and the UAE enjoy political and economic stability. We wish to be here," he said. While, Luxembourg is seriously considering Qatar as a potential supplier of LNG, he clarified: "But we are not looking at just one supplier. We intend to have many LNG suppliers of whom Qatar will be a key component." 
  		 
 

Daewoo Shipbuilding to Build Four LNG Tankers for Qatar
2004 November 10

  
  Daewoo Shipbuilding & Marine Engineering Co., the world's second-largest shipbuilder, said Tuesday it received orders to build four liquefied natural gas (LNG) tankers valued at US$875 million from a Qatari gas producer.

Daewoo Shipbuilding's contract meant that South Korea, the world's largest shipbuilding country, secured all eight contracts worth $3.2 billion for Qatar Liquefied Gas II, analysts said.
  		 
 

Korean firms win $914m Qatargas orders
 2004 November 9

 

Top South Korean shipbuilders said yesterday they won orders worth a total of $914 million from Qatargas, a joint venture between ExxonMobil Corp. and Qatar Petroleum.

Hyundai Heavy Industries Co. and Samsung Heavy Industries Co., the world’s largest and third-largest shipbuilders, said they each won a 506 billion won ($457 million) order to build two liquified natural gas (LNG) carriers. 

The vessels are the largest LNG carriers of the type and will be shipping LNG produced in Qatar to Britain.

Hyundai and Samsung were scheduled to deliver two of the ordered ships by October 2007 and the remaining two by January 2008, they said in filings to the local stock exchange.

Shipbuilders’ shares fell, however, on the prospect of weaker third-quarter earnings due to high steel plate prices and a strengthening won currency.

Shares in Hyundai Heavy finished down 5.07 per cent to 32,800 won. Samsung Heavy shares shed 4.44 per cent to 6,030 won, against the wider market’s 1.69 per cent loss. 
  

 
 
 
   
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