Nakilat has established a new joint venture (JV), Global Shipping Co. Ltd, with shipping company Maran Ventures Inc. (Maran Ventures). Under the agreement, Nakilat will have a 60 per cent stake in the JV while Maran Ventures will hold the remaining 40 per cent. With 4 LNG vessels under the new JV, the number of Nakilat vessels will effectively increase to 74, which is approximately 11.5 per cent of the global LNG fleet in carrying capacity, highlighted a release.
Nakilat’s Chief Executive Officer, Eng. Abdullah Al Sulaiti, said, “This agreement is a step forward for the company as we expand our fleet with additional capacity to meet the growing international demand for clean energy. This has subsequently led to a significant increase in demand for LNG shipping, which we hope will have a positive effect on charter rates. With the 4 new vessels being managed and marketed by Nakilat, this not only affirms our global leadership in energy transportation but also bears testament to our vessel management and marketing capabilities with the world’s largest LNG fleet. Nakilat’s steady growth highlights our robust financial performance and strategic planning, which comes as part of our efforts to maximise returns for our shareholders and support Qatar’s industry-leading position as the world’s top LNG exporter.”
Nakilat is a Qatari-owned shipping and maritime company providing the critical transportation link in Qatar’s LNG supply chain.
