Qatar’s national gas transporter, Nakilat, has boosted its fleet by adding three LNG vessels at a cost of $807.4 million.
The new LNG carriers will be added to Nakilat’s joint venture with Greek shipping company Maran Ventures Inc which increase its total fleet from eight vessels to 11 and will be used in international trade.
Maran Nakilat Co Ltd had an initial fleet of four vessels with a cargo capacity of 580 thousand cubic metres but now has a capacity of 1.7 million cubic metres, a statement said. In June 2013 Nakilat also increased its ownership of the joint venture from 30 per cent to 40 per cent.
“We are thankful for this excellent addition to our company, through refinancing and adding new ships to our fleet, which in turn will definitely strengthen the role of Nakilat as a leader in the global gas transportation market,” said Abdullah Fadhalah Al Sulaiti, managing director of Nakilat.
“Through these strong relationships, Nakilat is able to maintain Qatar’s prime position in the global LNG shipping market,” he added.
Nakilat is a Qatari marine transport company providing the essential transportation link inQatar’s LNG supply chain. Its LNG shipping fleet is the largest in the world, comprising 61 LNG vessels.
