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 Transitions LNG Mekaines to In-house Management
Nakilat has assumed full ship management and operations of Q-Max LNG carrier Mekaines from STASCo (Shell Trading and Shipping Company Ltd.) with effect from November 7, 2016, as part of the planned and phased transition announced on October 19, 2016. With a cargo carrying capacity of 266,476 cubic meters, Mekaines is wholly-owned by Nakilat and chartered by Qatargas. The vessel built in South Korea by Samsung Heavy Industries was delivered in March 2009 and has been in service ever since.
Nakilat takes over first LNG carrier management from Shell
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…
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.
Nakilat Delivers Steady Performance in Q3
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…
Nakilat Upgrades VSAT Service for LNG/LPG Fleet
Nakilat, the shipping arm of Qatar’s liquefied natural gas sector, has entered into a contract with Global Eagle Entertainment Inc.’s Emerging Markets Communications (EMC) service line to provide marine VSAT services for vessels in its fleet of liquefied natural gas (LNG) and liquefied petroleum gas (LPG) carriers. Under the contract, Global Eagle Entertainment’s EMC is supplying global Ku-band VSAT connectivity and content to enable a range of internet…
Nakilat Damen Shipyards Qatar JV is 5
On 23 November 2015, Nakilat Damen Shipyards Qatar celebrated its first 5 years of operation. With 40 vessels delivered or under construction, the yard has proven…
Nakilat H1 Profit Up 10 pct
Qatar Gas Transport Co (Nakilat), one of the world's largest shippers of liquefied natural gas, has registered a half yearly net profit of $135 million (QR490.2mn)…
Qatari Shipper Nakilat Q2 Net Profit Gains 12.3 pct
Qatar Gas Transport Co (Nakilat), one of the world's largest shippers of liquefied natural gas, posted a 12.3 percent increase in second-quarter net profit on Tuesday…
Nakilat to Build 11 Tugs for New Doha Port
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…
Qatar's Nakilat Q1 Profit Rises 17 Pct
Qatar Gas Transport Co (Nakilat), the Middle East's largest shipper of liquefied natural gas, reported a 16.6 percent rise in first-quarter profit on Sunday. The…
Nakilat Venture Gets Qatar Military Ship Order
Qatar Gas Transport Co (Nakilat) said on Tuesday that a joint venture between it and Dutch shipbuilder Damen had won orders worth 3.1 billion riyals ($850 million)…
Qatar's Nakilat Q4 Profit Falls 13%
Reuters - Qatar Gas Transport Co (Nakilat), one of the world's largest shippers of liquefied natural gas, posted a 13 percent drop in fourth-quarter net profit on Tuesday. The company made a fourth-quarter profit of 176.5 million Qatar riyals ($48.5 million), down from 203.3 million riyals a year earlier, according to Reuters calculations based on its financial statements. QNB Financial Services had forecast Nakilat would make a quarterly profit of 201 million riyals.
Nakilat in $950m LNG Tanker Deal
Reuters reported that Qatar Gas has raised $950 million of debt to fund its acquisition of 25 LNG Tankers. The vessel reportedly are being built by Daewooo, Hyundai and Samsung.
Nakilat Seeks $2.5b for Tankers
Qatar Gas Transportation (Nakilat) is considering tapping the Islamic finance market as part of plans to raise $2.5b early next year to pay for tankers, Reuters said.
Qatar's Nakilat to Order LNG Vessels
According to reports, Qatargas Transport Company (Nakilat) is expected to order a further 9 to 11 LNG vessels for RasGas-3 and Qatargas-4 this year. At the beginning…
Nakilat to Invest $11.5b in Fleet Expansion
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…
Nakilat Chooses Shell to Manage LNG Fleet
Qatar Gas Transport Company (Nakilat) has appointed Shell International Trading and Shipping Company Limited to manage its fleet of 27 new liquefied natural gas carriers in a 25-year deal…