Nakilat mulls expansion into global maritime markets
Nakilat, which has grown from just an LNG (liquefied natural gas) shipping company to a comprehensive maritime service provider, has embarked on a multi-pronged strategy to further its expansion into global markets, reports Gulf Times. In 2016, its in-house ship management arm, the Nakilat Shipping Qatar Limited (NSQL), began assuming full management of its wholly-owned LNG carriers. The management transition is being billed as Nakilat's biggest achievement of the year. Nakilat has now taken over the management of 25 large LNG carriers from Shell International Trading & Shipping Co (STASCo). The company is positioning itself to become a global leader in energy transport and maritime services. Nakilat chairman and Minister of Energy and Industry Dr Mohamed bin Saleh al-Sada said that the expansion strategy was emboldened by its foray into repair and construction operations at the Erhama Bin Jaber Al Jalahma Shipyard as well as agency, towage and vessel support services. Nakilat’s vessels represent around 15% of the global LNG fleet capacity, which translates into more than 9mn cubic metres of LNG transportation.