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) 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…
MISC Berhad Names New LNG Carrier Seri Cenderawasih
MISC Berhad today held the naming and delivery ceremony for its new LNG carrier, Seri Cenderawasih. The 150,200 CBM liquefied natural gas (LNG) carrier is the second in a series of five MOSS-Type LNG carriers ordered from Hyundai Heavy Industries Co., Ltd. (HHI”) by MISC. Upon their delivery, these new LNG Carriers will be on a long-term charter to PETRONAS. The naming ceremony was graced by the presence of Encik Md Arif Mahmood, Executive Vice President & Chief Executive Officer, Downstream Business of PETRONAS and was officiated by his wife and the vessel’s Lady Sponsor, Puan Nazrin Aneeza Nazaruddin at the HHI Shipyard in Ulsan, South Korea.
Great Ships of 2016: Seri Camellia
Since it started publishing in 1939, Maritime Reporter & Engineering News has recognized excellence in ship construction. Seri Camellia is the first in a series of five 150,200 cu. m. Liquefied Natural Gas (LNG) MOSS-Type LNG carriesr built for MISC Berhad (MISC), ordered from Hyundai Heavy Industries Co., Ltd. (HHI). Upon delivery, these new LNG Carriers will be chartered to PETRONAS for the next 15 years. It is a historic occasion for MISC as Seri Camellia will be part of the new generation of the Seri C Class LNG fleet…
New LNG Carrier Delivered to MISC Berhad
MISC Berhad (MISC) held the naming and delivery ceremony of its new LNG carrier, Seri Camellia. The 150,200 cu. m. Liquefied Natural Gas (LNG) carrier is the first in a series of five MOSS-Type LNG carriers ordered from Hyundai Heavy Industries Co., Ltd. (HHI) by MISC. Upon their delivery, these new LNG Carriers will be chartered to PETRONAS for the next 15 years. The naming ceremony was graced by the presence of Y. Bhg. Tan Sri Sidek Hassan, Chairman of PETRONAS and was officiated by his wife and the vessel’s Lady Sponsor, Y. Bhg.
Florida Ranks 2nd in the US for Maritime Jobs
Domestic Maritime Industry Worth More than $9.6 Billion to Florida Economy. Florida ranks second among all states in domestic maritime jobs, according to a new study by PricewaterhouseCoopers (PwC) for the Transportation Institute and released by the American Maritime Partnership (AMP), the voice of the U.S. domestic maritime industry. Supported by the Jones Act, which ensures vessels operating in our domestic waterways are U.S.-built, U.S.-crewed and U.S.-owned, the state’s 52…
Tank Barge Industry Leads the Way in Double Hull Conversions
The American Waterways Operators AWO says that the tank barge industry is leading the way as American companies make the multi-billion dollar investment required to transform the nation's fleet of oil-carrying tank vessels into environmentally friendly double hulls. More than 65 percent of the U.S. tank barge fleet is double-hulled today, more than 13 years before the 2015 deadline set by Congress in the landmark Oil Pollution Act of 1990 (OPA 90). Even as government and industry sources agree that there is a surplus of tonnage on the market today - more vessels than are needed to meet U.S. demand for oil transportation - America's tank barge operators are leading the transition to an all-double hull fleet. According to U.S. Coast Guard data, U.S.
