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Saturday, October 24, 2020

Nakilat News

(Photo: Nakilat)

Nakilat Takes Another LNG Carrier Into In-house Management

Qatari shipping company Nakilat said it has assumed full ship management and operations of Q-Max LNG carrier Al Samriya from Shell Trading and Shipping Company Limited with effect from 27 July, as part of the second phase of its planned fleet management transition program.With a cargo carrying capacity of 263,300 cubic meters, Al Samriya is wholly-owned by Nakilat and chartered by Qatargas. The vessel was built in South Korea by Daewoo Shipbuilding & Marine Engineering (DSME)…

LNG carrier Al Kharaitiyat (Photo: Nakilat)

Nakilat Transitions LNG Carrier to In-house Management

Qatari shipping company Nakilat said it has assumed full ship management and operations of Q-Flex liquefied natural gas (LNG) carrier Al Kharaitiyat from Shell Trading and Shipping Company Limited with effect from Wednesday, as part of the second phase of its planned fleet management transition program.With a cargo carrying capacity of 216,300 cubic meters, Al Kharaitiyat is wholly-owned by Nakilat and chartered by Qatargas. The vessel was built in South Korea by Hyundai Heavy Industries…

Photo: Nakilat

LNG Carrier Delivered to Nakilat

Qatari shipping company Nakilat took delivery of a newbuild liquefied natural gas (LNG) carrier Global Energy. Built by South Korea's Daewoo Shipbuilding & Marine Engineering (DSME), the vessel will be managed in-house by Nakilat and is the first of four LNG carrier newbuilds to be delivered to Global Shipping Co. Ltd., a joint venture of Nakilat (60%) and Greece-based Maran Ventures Inc. (40%). The delivery of all four newbuilds by end-2021 will bring Nakilat’s fleet to 74 LNG carriers…

Image: Nakilat

Nakilat Reports $76m Q1 Profit

Nakilat  announced financial results for the first quarter ended March 31, 2020 with a net profit of $76 million compared to $64 million during the same period in 2019, with an increase of 18%.Despite the ongoing challenges of the global pandemic, Nakilat continued to uphold operational management of its LNG and Liquefied Petroleum Gas (LPG) vessels.Additionally, Nakilat group continued to strengthen its value proposition, with the ship repair, offshore fabrication, towage and…

Image: Milaha

Milaha's 9-months Net Profit Up 5%

Qatar Navigation (Milaha) reported a 5% year-on-year increase in net profit to QR419mn in the first nine months of this year on account of the earnings expansion in its maritime and logistics business as well as gas and petrochem.The company's earnings-per-share was QR0.37 compared to QR0.35 for the same period in 2018. Operating revenues stood at QR1.83bn for the nine months ended September 30, 2019, against QR1.81bn for the same period in 2018.Milaha Maritime & Logistics’ operating revenue increased by QR 18 million and net profit by QR 52 million…

Pic: Nakilat

Nakilat Posts 10.5% Surge in 9 Month's Net Profit

Qatari shipping and maritime company Qatar Gas Transport Company (Nakilat) reported a 10.5% year-on-year increase in net profit to QR728mn (USD 200 million) in the first nine months of this year.Nakilat, which has the largest LNG shipping fleet in the world, comprising 69 vessels, said in a press note that its positive financial performance can be primarily attributed to better operational performance in managing its liquefied natural gas (LNG) and liquefied petroleum gas (LPG)…

Photo: Nakilat

Nakilat Profits Rise 7%

Nakilat said for the first half of the year ended June 30, 2019 that it achieved a net profit of $130 million compared to $122 million during the same period in 2018, an increase of 7%.Nakilat’s financial performance is driven by the acquisition of two additional Liquefied Natural Gas (LNG) carriers and one Floating Storage Regasification Unit (FSRU) in 2018 is among the main attributes to the positive financial results, as well as the increased volume of projects at Nakilat’s…

Ever large merchant vessels, including this large containership, are now transiting the Panama Canal on a regular basis. Image: CH2M

Ever Larger LNG Tankers Head for Panama Canal

A 'Q-Flex' LNG tanker, the world's second-largest class of liquefied natural gas carriers, is set to pass through the Panama Canal for the first time, the canal's CEO said, expanding the Americas to Asia trade route for the fast-growing commodity.The 'Al Safliyah', which can carry about 210,000 cubic metres of LNG, is on its way to Panama from the North Pacific after discharging a cargo from Qatar into Korea Gas Corp's (KOGAS) Tongyeong terminal on April 21, shipping data in Refinitiv Eikon showed."This is the first Q-Flex to transit the Panama Canal…

Pic: Qatar Gas Transport Company (Nakilat)

Nakilat Reports 9% Profit Jump in Q1

Qatar Gas Transport Company (Nakilat), a shipping and maritime company with the world's largest LNG shipping fleet, reported a 9 percent increase in profit for the first quarter of this year ended March 31, 2019.Nakilat reported a net profit of 236 million Qatari Riyals ($64.8 million) which compares to 217 million Qatari Riyals reported in the corresponding quarter in 2018."This increase was mainly due to the acquisitions of two Liquefied Natural Gas (LNG) carriers and one Floating Storage Regasification Unit (FSRU) in 2018, and higher volume of projects at Nakilat’s ship repair facility.

Image: Nakilat

Milaha Ups Stake in Nakilat

Qatar-based maritime transport and logistics company  Qatar Navigation (Milaha) has increased the company’s stake in compatriot liquefied natural gas (LNG) shipping giant Nakilat.Qatar Shipping Company, a subsidiary of Milaha, has entered into an agreement for acquiring the entire stake of Qatar Investment Authority in Qatar Gas Transport Company Ltd (Nakilat) representing 5.9% of Nakilat’s share capital.The Sale and Purchase Agreement was conditional on obtaining the consent…

Image: Nakilat

Nakilat Profit Jumps by 8.5%

Qatar Gas Transport Company (Nakilat)  has reported about 8.5% year-on-year increase in net profit to QR659mn (USD 181 million) during January-September this year."Nakilat’s stronger performance is a result of the company’s successful expansion, which is attributed to its strategic long-term plan to diversify and seek business opportunities with minimal risk, as well as through effective cost optimisation initiatives across its integrated operations," said a press release from…

Nakilat expands joint venture partnership with Maran Ventures Courtesy of  Nakilat PR

Nakilat, Maran Ventures JV adds two vessels

Nakilat has expanded its joint venture partnership with Greek shipping company Maran Ventures Inc., to include two additional LNG vessels. Maran Nakilat Co. Ltd. was first established in 2005 with four jointly-owned LNG vessels, and was further expanded on several occasions. This new agreement increases the number of vessels jointly-owned by Nakilat and Maran Gas from 13 to 15 vessels. The two newly added vessels, Woodside Rogers and Woodside Goode, are equipped with modern technology and built by Daewoo Shipbuilding & Marine Engineering Co (DSME).

Nakilat's flagship, the QMax Mozah. Photo: Qatar Gas Transport Company

Nakilat Posts 2017 Profit of $233

Qatar-based Nakilat (Qatar Gas Transport Company) has announced its financial results for the year ended December 31, 2017, with a net profit of QR 847 million (about USD 233 million). The earnings per share attained in 2017 was QR 1.53. During the year, Nakilat successfully deployed the company’s strategic plans towards maintaining its global leadership in LNG transportation and the integral role it plays in Qatar’s LNG supply chain. Despite the challenges facing the energy and maritime industry…

Nakilat's flagship, the QMax Mozah. Photo: Qatar Gas Transport Company

Nakilat Net Profit Down for the Last Nine Month

Qatar Gas Transport Company (Nakilat), the largest LNG ship owner in the world, concluded its financial results for the nine-month period ended 30 September 2017, with a net profit of QR 607 million compared to QR 749 million of the same period last year in 2016. The lower profit was mainly attributed to the effect of changing the estimated scrap value of vessels in accordance with applicable International Accounting Standards and the lower number of charter hire days in the current period compared to the same period last year (2016 was a leap year).

Photo: N-KOM

N-KOM delivers First Newbuild Liftboat

Nakilat-Keppel Offshore & Marine (N-KOM) reports that it has delivered its first liftboat unit, Al Safliya, to Qatari rig operator Gulf Drilling International (GDI). Al Safliya is the first liftboat to be wholly constructed in Qatar at the Erhama Bin Jaber Al Jalahma shipyard The self-propelled and elevating unit has been customized for operations in the Middle East and North Africa (MENA) region in water depths of up to 65m. “GDI is pleased with the quality delivered by N-KOM for the liftboat Al Safliya," said Mubarak Al Hajri, the MD & CEO of GDI.

Photo: Nakilat PR

Nakilat Transitions LNG Mesaimeer to In-house Management

Nakilat has assumed full ship management and operations of Q-Flex LNG carrier Mesaimeer from STASCo (Shell Trading and Shipping Company Ltd.) with effect from March 23, 2017, as part of the planned and phased transition announced on October 19, 2016. With a cargo carrying capacity of 216,312 cubic meters, Mesaimeer is wholly-owned by Nakilat and chartered by Qatargas. The vessel built in South Korea by Hyundai Heavy Industries was delivered in March 2009 and has been in service ever since.

Photo: Nakilat

Nakilat Holds Fleet Officers Meeting in Doha

Nakilat held its bi-annual Fleet Officers Meeting (FOM) from March 27-28, 2017 at the InterContinental Hotel in Doha, Qatar. Held in Qatar for the first time, the event was attended by about 50 Officers from Nakilat’s LNG and LPG fleets, including those working onboard the vessels newly transitioned to Nakilat-management. The event provided them with the opportunity to interact with one another and share their knowledge and experience on various topics pertaining to ship operations, with a distinct focus on safety.

Photo courtesy of Nakilat

Nakilat Holds 21st Qatar Project Shipping Forum

Nakilat organized the 21st Qatar Project Shipping Forum (QPSF) in London from April 18-19, 2017. The bi-annual Forum gathered Nakilat’s joint venture partners, ship operators and charterers to discuss numerous matters concerning the Nakilat fleet as well as the general shipping and maritime industry. This semi-annual Forum brings together many owners of leading international shipping companies along with ship charterers such as Qatargas and RasGas. Initiated and established by Nakilat since 2006…

Photo: Nakilat

Nakilat Transitions LNG Carrier to In-house Management

Nakilat has assumed full ship management and operations of Q-Flex liquefied natural gas (LNG) carrier Al Sheehaniya from STASCo (Shell Trading and Shipping Company Ltd.) with effect from July 6, 2017, as part of the planned and phased transition announced on October 19, 2016. With a cargo carrying capacity of 210,200 cubic meters, Al Sheehaniya is wholly-owned by Nakilat and chartered by Qatargas. The vessel built in South Korea by Daewoo Shipbuilding & Marine Engineering was delivered in February 2009 and has been in service ever since.

Photo: Qatar Gas Transport Company (Nakilat)

Nakilat Takes LNG Carrier In-House

Qatar Gas Transport Company (Nakilat)  has assumed full ship management and operations of Q-Flex LNG carrier Al Sheehaniya from STASCo (Shell Trading and Shipping Company) with effect from 6 July 2017, as part of the planned and phased transition announced on 19th October 2016. With a cargo carrying capacity of 210,200 cubic meters, Al Sheehaniya is wholly-owned by Nakilat and chartered by Qatargas. The vessel built in South Korea by Daewoo Shipbuilding & Marine Engineering was delivered in February 2009 and has been in service ever since.

Nakilat's flagship, QMax Mozah. Photo: Qatar Gas Transport Company

Nakilat Ends H12017 with $112 Mln Net Profit

Qatar Gas Transport Company (known as “Nakilat”, which means carriers in Arabic) recorded its financial results for the first half of the year ended June 30, 2017 with a net profit of QR 409 million ($112 million) compared to QR 501 million ($137 million) of the same period last year in 2016. The lower profit was mainly attributed to the lower number of charter hire days in the current period compared to the same period last year (2016 was a leap year), the effect of changing…

Nakilat's flagship, the QMax Mozah. Photo:  Qatar Gas Transport Company Ltd. (Nakilat)

Nakilat, Shell Completes First Phase of LNG Carrier Management Transition

Nakilat Shipping Qatar Limited (NSQL) a wholly owned subsidiary of Nakilat and Shell International Trading and Shipping Company Limited (Shell), have completed the first phase of what will be the world’s largest management transition of LNG carriers. The Q-Max LNG carrier Al Mafyar was the 10th vessel to transition from Shell to NSQL management in 10 months, bringing about the successful completion of the first phase. Al Mayfar is wholly-owned by Nakilat and chartered by Qatargas, with a cargo capacity of 266,370 cubic meters.

Photo: NDSQ

Five Vessels Delivered for Qatar’s New Port Project

Nakilat Damen Shipyards Qatar (NDSQ) has delivered five vessels as part of an 11-vessel order for New Port Project (NPP). Built entirely at the Erhama Bin Jaber Al Jalahma Shipyard in Ras Laffan Industrial City, the vessels were launched and delivered to NPP after successful completion of their sea trials. Measuring 15.4 meters long with a beam of 5 meters and a speed of 25 knots, the two Damen Stan Pilot 1505 pilot boats Um Alhoul 1 and Um Alhoul 2 will be used to carry out pilot duties and the transportation of personnel.

(Photo: Nakilat)

Nakilat Transitions LNG Fleet from Shell

Nakilat Shipping Qatar Limited (NSQL) signed an agreement with Shell International Trading and Shipping Company Limited (Shell) to begin the planned phased transition of the management of Nakilat’s LNG fleet from Shell to NSQL. Shell has provided a range of shipping services to Nakilat’s LNG fleet since it was established in 2006, including the ship management of 14 Q-Max and 11 Q-Flex LNG carriers and the sharing of Shell’s Shipping & Maritime expertise. The vessels will be transitioned in three phases starting this year and shall be managed by Nakilat’s in-house ship management arm…

Photo: Nakilat

Nakilat Holds 20th Qatar Project Shipping Forum

Nakilat, a shipping arm of Qatar’s liquefied natural gas (LNG) sector, held Qatar Project Shipping Forum (QPSF) in London over a span of two days. QPSF is as an important platform, established and organized by Nakilat in 2006, to address concerns covering a wide array of topics including shipping safety, technical, marine environment, logistics, and it gives an opportunity to exchange ideas related to shipping operations. This semi-annual forum brings together many owners of leading international shipping companies along with ship charterers such as Qatargas and RasGas.

(Photo: Nakilat)

Nakilat Transfers LNG Umm Slal to in-house Management

Nakilat has assumed full ship management and operations of Q-Max LNG carrier Umm Slal from STASCo (Shell Trading and Shipping Company Ltd.) effective November 23, 2016, as part of the planned transition announced last month. With a cargo carrying capacity of 265,978 cu. m., Umm Slal is wholly-owned by Nakilat and chartered by Qatargas. The vessel built in South Korea by Samsung Heavy Industries was delivered in November 2008 and has been in service ever since. Umm Slal is the third Q-Max vessel that will come under the management of Nakilat Shipping Qatar Ltd.