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Business / Qatar Business

Nakilat transitions LNG Al Sadd to in-house management

Published: 14 Aug 2020 - 04:24 am | Last Updated: 05 Nov 2021 - 07:06 pm
A provided picture of LNG Al Sadd vessel.

A provided picture of LNG Al Sadd vessel.

The Peninsula

Nakilat has assumed full ship management and operations of Q-Flex LNG carrier Al Sadd from Shell International Trading and Shipping Company Limited (Shell) with effect from yesterday, as part of the second phase of its planned fleet mana g e m e n t t r a n s i t i o n programme. With a cargo carrying capacity of 210,200 cubic metres, Al Sadd is whollyowned by Nakilat and chartered by Qatargas. The vessel built in S o u t h K o r e a b y Daewoo Shipbuilding & Marine Engineering was delivered in September 2011 and has been in service ever since. Al Sadd is the fifth vessel that will come under the management of Nakilat Shipping Qatar Ltd. (NSQL) this year, bringing the total number of vessels managed by NSQL to 24, comprising of 20 LNG and 4 LPG carriers.

Nakilat, a Qatari public shareholding company, was originally listed on the Qatar Stock Exchange in 2005. As a shipping and maritime company, Nakilat provides an essential transportation link in Qatar’s LNG supply chain. Its LNG shipping fleet is the largest in the world, comprising of 69 LNG vessels. Nakilat also owns and manages one FSRU and four large LPG carriers. Nakilat operates the ship repair, industrial and offshore fabrication facilities at Erhama Bin Jaber Al Jalahma Shipyard in Ras Laffan Industrial City via strategic joint ventures: N-KOM and QFAB. Nakilat also offers a full range of marine support services to vessels operating in Qatari waters.