Nakilat’s H1 profit rises

Image courtesy of Nakilat

Qatar’s Nakilat, the world’s largest liquefied natural gas (LNG) shipping company, reported on Wednesday a 9 percent rise in its first-half profit.

Nakilat said its six-month net profit was at 445 million Qatari Riyals ($122.2m) as compared to 409 million Qatari Riyals in the same period last year.

The LNG shipping giant that operates a fleet of 70 vessels noted in its statement that during the past year, there have been many positive developments across the company, despite the challenging market conditions in the maritime sector.

Nakilat expanded its fleet with two additional LNG carriers earlier this year and more recently, acquired a major stake in its first floating storage regasification unit (FSRU).

“This significant milestone is in line with the company’s plan to diversify and grow its business portfolio, with the aim to widen its international outreach and secure its industry-leading position in the dynamic and competitive LNG market,” Nakilat said.

 

Share this article

Follow LNG World News

Posted on July 11, 2018 with tags .

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Nov 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >

Budapest LNG Summit 2019

The Budapest LNG Summit is a niche event focused on the up and coming LNG region of Central & Eastern Europe (CEE).

read more >