DOHA/SOUTH KOREA: Yet another of the world's largest and most advanced Q-Max LNG carriers was delivered to Nakilat yesterday at Samsung Heavy Industries shipyard on Geoje Island.
The carrier was chartered on long term contract to Qatargas Operating Company Limited.
The Nakilat-owned Q-Max LNG Carrier "Zarga" (266,000 CBM) will be used to ship LNG produced by Qatar Liquefied Gas Company Limited (4), known as Qatargas 4, to markets primarily in the North America, China, and Dubai.
The Q-Flex and the even larger Q-Max are a new generation of LNG mega-ships. The Q-Max has 80 percent more capacity than conventional LNG carriers with about 40 percent lower energy requirements.
Q-Max LNG carriers are unique and purpose built for Nakilat and allow for more efficient transport of Qatar's natural gas to markets throughout the world.
DFM revises new tick system for stocks
DUBAI: Dubai Financial Market, the Arab world's only listed exchange, will revise changes to the way it lists stocks, it said in an emailed statement yesterday.
In an abrupt u-turn, the bourse said only stocks worth less than Dh1 would trade to three decimal places from March 11, instead of two today.
DFM said on March 4 stocks worth less than Dh10 would qualify for the above change. For securities valued above Dh10, the minimum decimal fraction would have been reduced to Dh0.01 from Dh0.05, but this amendment has also been put on hold.
The DFM offered no explanation for the move, but some brokers have welcomed the decision to phase in reforms more gradually. "It's a sensible move," said Mohammed Yasin, Shuaa Securities chief executive. "All the talk was about changing the tick system for stocks below 2 dirhams -- that's where the most effect would be -- to go to three decimal places for stocks near 10 dirhams is too much."
© The Peninsula 2010
