Latest news with #AbdullahAl-Sulaiti
Qatar Tribune
26-05-2025
- Automotive
- Qatar Tribune
Nakilat cuts steel for 17 new LNG carriers in South Korea
Tribune News Network Doha Qatar Gas Transport Company (Nakilat), a global leader in LNG shipping and maritime transportation, celebrated a significant milestone with the steel cutting ceremony marking the commencement of construction of 17 LNG vessels at Hyundai Heavy Industries (HHI) Shipyard in Ulsan, South Korea. The vessels are part of QatarEnergy's historic LNG fleet expansion project, which caters for future LNG fleet requirements for its LNG expansion projects, as well as the replacement requirements of some of its existing fleet. The ceremony was attended by senior officials from Nakilat, Hyundai Heavy Industries, along with key stakeholders from the maritime sector, who witnessed the official commencement construction of the advanced vessels. Owned by Nakilat, and built with a capacity of 174,000 cubic meters, the new vessels will be chartered to QatarEnergy affiliates under long-term agreements. On this occasion, Abdullah Al-Sulaiti, Chief Executive Officer of Nakilat, commented: 'This is another pivotal milestone in Nakilat's journey towards achieving our long-term growth strategy as we continue to modernize and expand our fleet. Our collaboration with QatarEnergy and Hyundai Heavy Industries reflects our continued commitment in support of Qatar's vision in LNG shipping through a world-class fleet and new benchmarks in efficiency, safety, and environmental performance and sustainability. Nakilat remains committed to boosting its position as leader in the global LNG shipping industry.' In February 2024, Nakilat signed agreements with QatarEnergy to lease and operate 25 conventional size state-of-the-art LNG vessels. This move further strengthens Nakilat's position as a global leader in LNG shipping, with the vessels being constructed at South Korean shipyards. The new carriers feature advanced designs and innovative technologies, reflecting Nakilat's commitment to applying the highest standards of safety and operational excellence, while also promoting greater environmental sustainability. This achievement marks a pivotal step in enhancing the company's capacity to meet the growing demand for LNG transportation and further solidifying its leading position in the industry.
Zawya
29-04-2025
- Business
- Zawya
Qatar: Nakilat reports $118.9mln Q1 net profit, up 3.2%
Qatar Gas Transport Company (Nakilat) achieved a net profit of QAR433 million ($118.92 million) for the first quarter of 2025, ended March 31, marking a 3.2% increase from QAR420 million recorded in the same period of 2024. This robust performance underscores Nakilat's resilience and strategic success in a dynamic global market, the company said. Incurred total expenses of QAR673 million, reflected a decrease of 5.7%. This sustained growth is attributed to Nakilat's strategic fleet expansion, operational excellence, and unwavering commitment to delivering clean energy worldwide. Despite a challenging economic landscape marked by uncertainty and elevated interest rates, Nakilat has solidified its industry leadership, leveraging long-term agreements and optimizing fleet utilization to drive efficiency and profitability, it said. Eng Abdullah Al-Sulaiti, Chief Executive Officer of Nakilat, commented: "Nakilat's strong financial performance for the first quarter of 2025 highlight the success of our strategic vision and dedication to excellence. As we expand our fleet and enhance our capabilities, Nakilat continues to strengthen its standing as a global leader in the LNG shipping industry. The addition of new technologically advanced vessels and our long-term partnerships ensure we remain at the forefront of the evolving energy transportation landscape. We remain focused on sustainable growth, operational efficiency, and delivering long-term value to our shareholders and stakeholders." Nakilat's expansion strategy is further strengthened by its commitment to sustainable energy transportation. The company remains on track with its newbuild programme, which includes state-of-the-art LNG carriers and LPG/ammonia gas carriers under construction, marked a significant milestone with two steel cutting ceremonies for a total of ten of its new LNG carriers and four LPG/ammonia gas carriers at Hanwha Ocean and HD Hyundai Samho shipyards in South Korea in March 2025. – Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
29-04-2025
- Business
- Trade Arabia
Nakilat reports $118.9m Q1 net profit, up 3.2%
Qatar Gas Transport Company (Nakilat) achieved a net profit of QAR433 million ($118.92 million) for the first quarter of 2025, ended March 31, marking a 3.2% increase from QAR420 million recorded in the same period of 2024. This robust performance underscores Nakilat's resilience and strategic success in a dynamic global market, the company said. Incurred total expenses of QAR673 million, reflected a decrease of 5.7%. This sustained growth is attributed to Nakilat's strategic fleet expansion, operational excellence, and unwavering commitment to delivering clean energy worldwide. Despite a challenging economic landscape marked by uncertainty and elevated interest rates, Nakilat has solidified its industry leadership, leveraging long-term agreements and optimizing fleet utilization to drive efficiency and profitability, it said. Eng Abdullah Al-Sulaiti, Chief Executive Officer of Nakilat, commented: "Nakilat's strong financial performance for the first quarter of 2025 highlight the success of our strategic vision and dedication to excellence. As we expand our fleet and enhance our capabilities, Nakilat continues to strengthen its standing as a global leader in the LNG shipping industry. The addition of new technologically advanced vessels and our long-term partnerships ensure we remain at the forefront of the evolving energy transportation landscape. We remain focused on sustainable growth, operational efficiency, and delivering long-term value to our shareholders and stakeholders."
Zawya
29-04-2025
- Business
- Zawya
Nakilat reports QAR 433mln net profit for the first quarter of 2025, an increase of 3.2%
Doha, Qatar: Qatar Gas Transport Company Q.P.S.C. (Nakilat) announced its financial results for the first quarter of 2025, ended March 31. The Company achieved a net profit of QAR 433 million, marking a 3.2% increase from QAR 420 million recorded in the same period of 2024. This robust performance underscores Nakilat's resilience and strategic success in a dynamic global market. Key Financial Highlights for Q1 2025: Net Profit: QAR 433 million, up 3.2% year-on-year. Incurred total expenses of QAR 673 million, reflecting a decrease of 5.7%. This sustained growth is attributed to Nakilat's strategic fleet expansion, operational excellence, and unwavering commitment to delivering clean energy worldwide. Despite a challenging economic landscape marked by uncertainty and elevated interest rates, Nakilat has solidified its industry leadership, leveraging long-term agreements and optimizing fleet utilization to drive efficiency and profitability. Eng. Abdullah Al-Sulaiti, Chief Executive Officer of Nakilat, commented: "Nakilat's strong financial performance for the first quarter of 2025 highlight the success of our strategic vision and dedication to excellence. As we expand our fleet and enhance our capabilities, Nakilat continues to strengthen its standing as a global leader in the LNG shipping industry. The addition of new technologically advanced vessels and our long-term partnerships ensure we remain at the forefront of the evolving energy transportation landscape. We remain focused on sustainable growth, operational efficiency, and delivering long-term value to our shareholders and stakeholders." Nakilat's expansion strategy is further strengthened by its commitment to sustainable energy transportation. The Company remains on track with its newbuild program, which includes state-of-the-art LNG carriers and LPG/ammonia gas carriers under construction, marked a significant milestone with two steel cutting ceremonies for a total of ten of its new LNG carriers and four LPG/ammonia gas carriers at Hanwha Ocean and HD Hyundai Samho shipyards in South Korea in March 2025. In keeping with its commitment to exemplary investor relations, Nakilat will host a conference call to discuss the financial results for the first quarter of 2025, on Wednesday, 30th April, 2025, at 1:30 PM (Doha Time). The presentation will be on the company's website prior to the conference call. For dial-in details and additional information, please visit the company's website About Nakilat Nakilat is a Qatari Public Shareholding Company which originally listed on the Qatar Stock Exchange in 2005. As a shipping and maritime company, Nakilat provides an essential transportation link in the State of Qatar's LNG supply chain. Its LNG shipping fleet is one of the largest in the world, comprising of 69 LNG vessels. Nakilat also owns and manages one FSRU and two fully dedicated 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: Qatar Shipyard Technology Solutions and QFAB. Nakilat also offers a full range of marine support services to vessels operating in Qatari waters. For more information, visit: For media inquiries, please contact: Mr. Shammi Mohan, Head of Public Relations smohan@ For investors inquiries please contact: Mr. Fotios Zeritis, Head of Investor Relations & ESG Reporting fzeritis@
Zawya
16-03-2025
- Business
- Zawya
Nakilat commences construction of 6 new vessels at HD Hyundai Samho shipyard
Doha, Qatar – Qatar Gas Transport Company (Nakilat), a global leader in LNG shipping and maritime transportation, celebrated a significant milestone with the steel cutting ceremony marking the commencement of construction of six gas carriers at HD Hyundai Samho (HSHI) shipyard in South Korea. This milestone is part of Nakilat's strategic fleet expansion, reinforcing its commitment to meeting the growing demand for safe and efficient gas transportation. The ceremony was attended by senior officials from Nakilat, HD Hyundai Samho, along with distinguished guests, who witnessed the official commencement of construction for two cutting-edge LNG carriers and four modern LPG/ammonia gas carriers. The LNG carriers, each with a capacity of 174,000 cubic meters, and the LPG carriers, with a substantial capacity of 88,000 cubic meters each, are scheduled for delivery between 2026 and 2027. Commenting on the occasion, Eng. Abdullah Al-Sulaiti, Chief Executive Officer of Nakilat, stated: 'This milestone underscores Nakilat's dedication to expanding its world-class fleet and supporting Qatar's leadership in global gas supply. Our investment in these advanced vessels highlights our dedicated focus on operational excellence, sustainability, and the adoption of cutting-edge maritime technologies, enabling us to provide innovative and flexible shipping solutions to meet the evolving needs of the global energy shipping sector.' The new vessels will feature state-of-the-art propulsion systems and fuel-efficient technologies, aligning with the company's commitment to eco-conscious shipping solutions. By integrating the latest advancements in energy efficiency and environmental sustainability, Nakilat remains committed to playing a pivotal role in LNG and LPG transportation, contributing to the evolving energy landscape while upholding the highest standards of safety, reliability, and environmental responsibility. -Ends- ABOUT NAKILAT Nakilat is a Qatari Public Shareholding Company which is originally listed on the Qatar Stock Exchange in 2005. As a shipping and maritime company, Nakilat provides an essential transportation link in the State of Qatar's LNG supply chain. Its LNG shipping fleet is one of 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: Qatar Shipyard Technology Solutions and QFAB. Nakilat also offers a full range of marine support services to vessels operating in Qatari waters. For more information, visit: For media inquiries, please contact:Mr. Shammi Mohan, Head of Public Relations smohan@
