Nakilat to Invest $11.5b in Fleet Expansion

Tuesday, January 23, 2007
Qatar Gas Transport Company (Nakilat) is investing $11.5b in its bid to become the largest owner of LNG/LPG tankers fleet by the end of the decade. The plan is to acquire 60 ships by 2010 to ferry liquefied natural gas and liquefied petroleum gas worldwide, Nakilat vice-chairman Faisal M Al-Suwaidi is quoted to have said in a report in the Gulf Times. While 46 tankers are meant for LNG transportation, the rest will be used for liquefied petroleum gas supply. As many as 25 LNG tankers will be of the Q-Flex category, while 21 liquefied natural gas tankers will be Q-Max. Q-Flex vessels have a cargo capacity ranging between 210,000cu m and 217,000cu m. On the other hand, Q-Max tankers have cargo capacities exceeding 260,000cu m.Shipbuilders require about 36 months to deliver vessels such as LNG tankers. Nakilat, which is listed on the DSM, would fully own 28 of the 60 tankers it plans to buy within the next three years. In the remaining ships, Nakilat will have an average stake of 54 per cent, Al-Suwaidi is quoted to have added in the report. Source: TradeArabia

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

MHI's Entity to Oversee Material Handling Equipment, Engine and Turbocharger Businesses

Today Mitsubishi Heavy Industries, Ltd. (MHI) decided in principle to launch a new wholly owned entity to integrally oversee its current businesses in material

Globus Maritime Reclassifies Board Member

Globus Maritime Limited, a dry bulk shipping company, announced today that when Georgios Karageorgiou, a Class I director of Globus Maritime Limited  resigned on December 28,

First Panama Canal Water-Saving Basin Filled

The Panama Canal Authority (ACP) announced that the first water-saving basin of the Agua Clara Locks’ upper chamber has been filled to the required level in order

Coast Guard

Hijacked Singaporean Ship Released in Nigeria

The crew of a Singapore-registered container vessel, Safmarine Kuramo, hijacked off the Nigerian Coast earlier this week, were released unharmed on Saturday (Feb

USCG Issues Zika Virus Precautions

Recently, the World Health Organization designated the Zika virus as a global public health emergency. This has prompted questions from the maritime industry regarding

Honda Marine, BRIG USA Ink OEM Deal

Honda Marine, a division of American Honda Motor Co., Inc. and marketer of a complete range of outboard marine 4-stroke engines, announced today a new OEM agreement with BRIG USA.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Pod Propulsion Port Authority Ship Electronics Ship Repair Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0957 sec (10 req/sec)