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>

<< 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 >