Nakilat’s Q1 profit climbs

Image courtesy of Nakilat

Qatar’s Nakilat, the world’s largest liquefied natural gas (LNG) shipping company, reported on Tuesday a 13 percent rise in its quarterly net profit.

Nakilat said its first-quarter net profit was at 217 million Qatari Riyals ($59.6m) as compared to 191.4 million Qatari Riyals in the same period last year.

The company has “managed to achieve positive results across its operations through rationalization of operational expenses, enhanced operational efficiency, and growth of its international portfolio through the recent expansion with Maran Gas Ventures,” it said.

To remind, Nakilat announced in March it had expanded its joint venture partnership with Greek shipping company Maran to include two additional LNG vessels.

This deal increased the number of vessels jointly-owned by the duo from 13 to 15 vessels also boosting Nakilat’s total fleet to 69 vessels.

Share this article

Follow LNG World News

Posted on April 24, 2018 with tags .

Events>

<< Apr 2019 >>
MTWTFSS
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 2 3 4 5

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

Central and Eastern Europe SSLNG Forum

SSLNG projects are important for Central and Eastern Europe (CEE) because they offer opportunities for solving issues…

read more >

Klaipeda LNG Forum 2019

Klaipėda LNG forum 2019 organised by Klaipėda Science and Technology Park, Klaipėdos nafta and Embassy of the Netherlands will take place on the 15-16 May at Klaipėda Castle’s site hall, Lithuania.

read more >

Flame 2019

Flame is Europe’s largest gathering of midstream gas & LNG players, bringing together everyone who matters – from producers to utilities, purchasers, infrastructure providers, traders, regulators and policy makers.

 

More info

read more >