Abdullah Fadhalah Al Sulaiti News

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) vessels.The company also realized higher revenues on additional income from the acquisition of two additional LNG carriers and one Floating Storage Regasification Unit (FSRU) in 2018…

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 the Qatari marine company providing the essential transportation link in the State of Qatar’s LNG supply chain.This has been achieved through the acquisition of two additional jointly-owned liquefied natural gas (LNG) carriers and a major stake in the first floating storage regasification unit (FSRU)…

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). On the other hand, the company effectively maintained its operating expenses and reduced its finance costs due to timely repayment of the periodic loan instalments.

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. The vessel built in South Korea by Samsung Heavy Industries was delivered in May 2009 and has been in service ever since. This latest vessel transition brings the fleet size managed by NSQL to 18 vessels, comprising of 14 LNG and 4 LPG carriers.

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 the estimated scrap value of vessels in accordance with applicable International Accounting Standards and the reduced operations of a few joint ventures. On the other hand, the company’s timely repayment of the periodic loan instalments resulted in reduced finance costs. Nakilat Managing Director Eng.

Nakilat has announced the management takeover of Q-Max LNG carrier Mozah from Shell International Trading and Shipping Company Limited (STASCO). This is the first vessel to be transitioned as part of the phased management transition. Mozah will also be the first Q-Max LNG carrier to be managed in-house by NSQL, which is currently managing 4 Q-Flex LNG and 4 large LPG carriers. To mark the occasion, a video conference was held between Minister of Energy of Industry & Industry and Chairman of Nakilat H.E. Dr. Mohammed Bin Saleh Al Sada and the personnel onboard Mozah, to welcome them to Nakilat and discuss the importance of this transition to Nakilat and the State of Qatar. Nakilat Managing Director Eng.

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…

Nakilat has announced its financial results for the third quarter ended 30 September 2016, where the Company’s net profit reached QR 749 million compared to QR 757 million for the same period last year. The Board of Directors stated that the company’s strategic long-term charters for its LNG vessels and the strong LPG vessels performance have ensured the continuous strong financial profitability despite the current market conditions of fluctuating oil and gas prices and the slowdown in ship repair and building activities. The board also reaffirmed their steadfast commitment to Nakilat's growth and development strategy, in line with Qatar’s National Vision 2030. Nakilat Managing Director Eng.

Eng. Abdullah Fadhalah Al-Sulaiti, Chairman of N-KOM and Managing Director of Nakilat, said, "Nakilat is a world-leader in global gas transportation and we are proud that Nakilat's joint venture with Keppel Offshore & Marine has grown to become a leader in the repair of LNG carriers. The shipyard's continued success is part of our commitment to the sustainable diversification of Qatar's economy and to the Qatar National Vision 2030. On the occasion of this important milestone, we are deeply thankful to HE Dr.

Qatar’s New Port Project (NPP) has signed an agreement with Nakilat Damen Shipyards Qatar (NDSQ) to construct 11 workboats for use at the port. HE Dr. Mohammed bin Saleh Al Sada, Minister of Energy and Industry, and HE Mr. Jassim Bin Saif Ahmed Al Sulaiti, Minister of Transport, witnessed the signing ceremony between NDSQ and NPP, on Wednesday, 17th December 2014. The contracts were signed by Eng. Abdullah Fadhalah Al Sulaiti, Chairman of NDSQ and Managing Director of Nakilat, and Capt. Abdulla Al-Khanji CEO Qatar Ports Management Company & NPP General Supervisor. NDSQ will build four 29m-long Azimuth Stern Drive (ASD) tug boats, three 16m-long mooring boats and four15m-long glass reinforced plastic (GRP) pilot boats.

Nakilat-Keppel Offshore & Marine (N-KOM) received the Safety & Security Award at the inaugural edition of The Maritime Standard (TMS) Middle East & Indian Subcontinent Awards, held at Atlantis The Palm, Dubai. Sponsored by ADNATCO-NGSCO, this is the first award the shipyard has received in the Safety category. The award underlines the company’s strong commitment towards safety and effectiveness of its robust safety program, Safety Excellence 2020, which aims to cultivate safety ownership and safe workplace behavior through empowerment…

Gulf Drilling International (GDI) Limited, a subsidiary of Gulf International Services (GIS), the largest oilfield service company in Qatar, has awarded two contracts worth US110 million to Nakilat-Keppel Offshore & Marine (N-KOM), a joint venture shipyard between Nakilat and Singapore’s Keppel Offshore & Marine (Keppel O&M). The first contract is for the construction of a self-propelled and self-elevating liftboat, which is customised for field transit operations in the Middle East and North Africa (MENA) region in water depths of up to 65 meters. When completed at the end of 2015, the liftboat will provide accommodation and platform support services for a customer with operations in Qatar.

Qatari shipbuilder Nakilat Damen Shipyards Qatar (NDSQ) has laid the keels for two 16m-long Stan Tugs, part of a seven-vessel order for marine services provider Nakilat Svitzer Wijsmuller (NSW). A small ceremony to mark this important step in the shipbuilding process was held at NDSQ’s facilities at Erhama Bin Jaber Al Jalahma Shipyard in Qatar’s Port of RasLaffan. The two twin-screw Stan Tugs have a bollard pull of 15 tons and will be used for mooring vessels visiting the Port of RasLaffan.

Qatari shipbuilder Nakilat Damen Shipyards Qatar (NDSQ) has laid the keels for two 16-metre long Stan Tugs, part of a seven-vessel order for marine services provider Nakilat SvitzerWijsmuller (NSW). A ceremony to mark this step in the shipbuilding process was held at NDSQ’s facilities located at Erhama bin Jaber Al Jalahma Shipyard in Qatar’s Port of Ras Laffan. The two twin-screw Stan Tugs have a bollard pull of 15 tonnes and will be used for mooring vessels visiting the Port of Ras Laffan.

Al Khalij Commercial Bank (al khaliji) QSC has provided financing for the two Nakilat shipyard joint ventures: Nakilat-Keppel Offshore & Marine (N-KOM) and Nakilat Damen Shipyards Qatar (NDSQ) for US $120m and US $40m respectively. Nakilat is a Qatari marine transport company providing the essential transportation link in the State of Qatar’s LNG supply chain. The company says its LNG shipping fleet is the largest in the world, comprising 56 LNG vessels. Nakilat also manages and operates four large LPG carriers.