Nakilat increases net profit by 14.9%

Tuesday, 09 August 2022
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Nakilat, the world’s largest LNGC fleet owner, has reported a net profit of QAR730 mill for the first half of this, compared to QAR636 mill for the same period in 2021 - an increase of 14.9%. 

During 1H22, the company took delivery of two chartered newbuilding LNGCs.

CEO Eng Abdullah Al-Sulaiti, said: “We are pleased with Nakilat’s solid financial performance for the first half of 2022, reflecting the company’s superior operational excellence in energy transportation and maritime services. 

“With a greater global demand for maritime shipping, Nakilat remains determined to meet customer needs and find both urgent and long-term diversified, secure and reliable energy transportation solutions, providing value to our customer base and asset portfolio growth and sustainable returns for our shareholders,” he said.

Nakilat also achieved the British Safety Council’s five-star rating for the fifth consecutive year after completing the Council’s comprehensive audit scheme for safety, occupational health, and environmental management.

The company was also awarded the 2021 Qatarization Award at the energy sector for supporting staff learning and professional development, which Nakilat claimed was a pillar of its operations.

Since it was established in 2004, Nakilat now has the world’s largest fleet of 69 LNGCs, Nakilat also manages and operates one FSRU, and four VLGCs.

In addition, the company provides shiprepair and offshore fabrication services, shipping agency services, as well as towage and other marine support services through its joint ventures - Nakilat-Keppel Offshore & Marine (N-KOM), Qatar Fabrication Company (QFAB), Nakilat SvitzerWisjmuller (NSW), and Nakilat Agency Company Ltd (NAC).

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