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Nakilat Venture Gets Qatar Military Ship Order

Maritime Activity Reports, Inc.

April 4, 2014

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) to build seven vessels for the Qatari armed forces.

The vessels to be built by Nakilat Damen Shipyards Qatar comprise six high-speed patrol ships and a diving support vessel. They will be built in Qatar, Nakilat said without giving a timeframe.

(Reporting by Andrew Torchia)

The orderbook for U.S. dredgers is about $3B, and according to DCA CEO Bill Doyle, the incoming political administration could help this niche maritime sector continue its bull run.
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