Nakilat
Nakilat, formally known as Qatar Gas Transport Company Limited, is a Qatari shipping and maritime company that plays a critical role in the transportation of liquefied natural gas (LNG) worldwide. Founded in 2004 and headquartered in Doha, Qatar, Nakilat is a key component of Qatar's strategy to export its vast reserves of natural gas.
Key Facts:
Fleet Size: Nakilat owns and manages one of the world's largest fleets of LNG carriers. The company operates approximately 69 LNG vessels, making it a significant player in the global LNG shipping industry. Besides LNG carriers, Nakilat also has a fleet of liquefied petroleum gas (LPG) carriers and provides shipping management for various other vessels.
Joint Ventures: Nakilat has entered into several strategic alliances and joint ventures with leading international maritime companies. Notable among these is a joint venture with the world-renowned maritime services company, Keppel Offshore & Marine, known as Nakilat-Keppel Offshore & Marine (N-KOM), which operates a world-class shipyard facility at the Erhama Bin Jaber Al Jalahma Shipyard in Ras Laffan Industrial City.
Shipbuilding and Repair: Besides its shipping services, Nakilat offers extensive shipbuilding and ship repair services. The Erhama Bin Jaber Al Jalahma Shipyard is equipped to handle a variety of vessels, including LNG and LPG carriers, oil tankers, and other large vessels. The shipyard also provides drydock services and is engaged in the repair and maintenance of ships.
Maritime Services: Nakilat also provides comprehensive maritime services, including towage, and shipyard management. The company has diversified its operations to include port services and other maritime logistics solutions, aiming to provide integrated maritime solutions to its customers.
Environmental and Safety Standards: The company places a high priority on maintaining stringent safety and environmental standards. They have implemented various initiatives to enhance operational efficiency and minimize environmental impact, adhering to international safety and environmental regulations.
Workforce and Training: Nakilat is committed to the development of Qatari talent and workforce in the maritime sector. They have various training and development programs to equip their employees with the necessary skills and expertise to operate in the highly specialized LNG shipping industry.
Significance:
Nakilat plays a vital role in ensuring the steady supply of LNG from Qatar to global markets, supporting the country's position as one of the world's leading LNG exporters. Its robust infrastructure, extensive fleet, and comprehensive maritime services contribute significantly to the entire LNG value chain—from production to delivery.
The company's strategic initiatives and continuous efforts to expand its services align with Qatar's broader vision to diversify its economy and enhance its global trade relations.
Nakilat News
Nakilat Takes Over Management of FSRU Exquisite
Qatar-based energy shipping company Nakilat said Monday it had assumed the technical ship management and operations of the Floating Storage and Regasification Unit (FSRU) Exquisite from Excelerate.The FSRU is jointly owned by Nakilat and Excelerate through a joint venture established in 2018. This is the first FSRU to be managed in-house by Nakilat, bringing the company's managed fleet to 27 vessels…
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…
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.
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…
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…
Nakilat Posts Record Net Profit of $270M
Doha-listed LNG and LPG carrier owner Qatar Gas Transport Company Ltd (Nakilat) reported a consolidated net profit of QR1,003m (USD $270 million) in 2019, an increase of 12.4 percent…
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…
Nakilat Acquires Four Q-Flex LNG Carriers
Nakilat has acquired the full ownership of four Q-Flex liquefied natural gas (LNG) carriers from its joint-venture partner International Seaways, following execution of a sale and purchase agreement for the acquisition of the remaining 49.9% ownership interest in these vessels from INSW. This brings the total number of vessels wholly-owned by Nakilat from 25 to 29 LNG vessels, out of its overall fleet of 74 LNG and liquefied petroleum gas (LPG) vessels.With a cargo carrying capacity of 217…
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…
Nakilat Eyes Global Market Via Al Jazeera
Qatari shipping and maritime company with the world's largest LNG shipping fleet, Nakilat’s strategy in promoting its global shipping and maritime operations to…
Q-Flex LNG Carrier reaches 10 Years of Safety
Nakilat’s Q-flex LNG Carrier Al Ghashamiya has recently achieved a significant safety milestone of over 10 years without lost time injury (LTI) or Total Recordable Case (TRC), equivalent to nearly 3 million safe man-hours. Al Ghashamiya is one of 18 vessels being operated and managed in-house by Nakilat, with the fleet comprising of 14 LNG and four LPG carriers.Earlier in April, another Nakilat-managed vessel, LPG carrier Bu Sidra achieved 7 years LTI-free with 1.6 million safe man-hours.
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…
Nakilat JV Adds Four LNG Carriers to Fleet
Nakilat established a new joint venture (JV), Global Shipping Co. Ltd., with shipping company Maran Ventures Inc. (Maran Ventures).Under the agreement, Nakilat will have a 60% stake in the JV while Maran Ventures will hold the remaining 40%. With 4 LNG vessels under the new JV, the number of Nakilat vessels will effectively increase to 74, which is approximately 11.5% of the global LNG fleet in carrying capacity.
Nakilat Buoyant on LNG Shipping
Qatari marine company Nakilat said that it continued to push boundaries and successfully implemented several long-term growth strategies by strengthening its international…
Nakilat, McDermott Form Fabrication JV
Qatar's Nakilat and McDermott are establishing a 60:40 joint-venture (JV) company that provides offshore and onshore fabrication services in Qatar."The strategic…
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…
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…
Nakilat Grows Profits 9%
Nakilat announced its financial results for the first half of the year ended June 30, 2018, with the company achieving a net profit of QR 445 million compared to QR 409 million during the same period in 2017, an increase of 9 percent.The company observed positive developments despite the challenging market conditions in the maritime sector over the past year. Nakilat continued to pursue its long-term…
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).
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…