Nakilat, the world’s largest liquefied natural gas (LNG) fleet owner, has reported a 13.5% year-on-year jump in net profit to QR1.14bn during the nine month that ended on September 30.
Profits of joint venture companies operating in LNG transportation and shipyard increased by 47.2%, while general and administrative expenses decreased by 5.5%.
The company’s solid financial earnings are a direct testament to its position as a global leader and provider of choice for energy transportation and maritime services. In addition to its maritime services, Nakilat’s value proposition is further strengthened by offering ship repair, industrial and offshore fabrication, towage and maritime services, it said.
“Nakilat’s outstanding financial performance is a clear indicator of the company’s expansion strategy, superior track-record and operational excellence in energy transportation and maritime services. Through the strategic expansion of its fleet with an additional four LNG carriers, and the improved performance of its joint ventures operating in the shipyard, Nakilat has achieved sustainable and long-term growth,” said Abdullah al-Sulaiti, chief executive officer, Nakilat.
In response to the greater global demand for clean energy shipping capacity, Nakilat has been diversifying its portfolio and international outreach.
“Customer-centricity is at the heart of our operations and we remain committed to meeting our customers’ needs for secure, safe and reliable energy transportation solutions globally. Thanks to the concerted efforts of its employees and seafarers, the company has smoothly sustained its growth momentum and created value for its customers and shareholders,” al-Sulaiti said.
Since its establishment in 2004, Nakilat has evolved into a global leader and provider of choice for energy transportation and maritime services. With the world’s largest LNG fleet of 69 LNG carriers, Nakilat also manages and operates one floating storage regasification unit (FSRU), and four very large LPG carriers (VLGCs).
In addition, the company provides comprehensive ship repair and offshore fabrication services, shipping agency services, as well as towage and other marine support services through its JVs: Nakilat-Keppel Offshore and Marine (N-KOM), Qatar Fabrication Company (QFAB), Nakilat SvitzerWisjmuller (NSW), and Nakilat Agency Company (NAC).
Source: Gulf Times