As part of the second phase of its fleet management programme, Qatari shipping company Nakilat has assumed full ship management and operations of Q-Max LNG carrier Lijmiliya from Shell International Trading and Shipping Company Limited (Shell).
One of the world’s largest LNG carriers, with a cargo carrying capacity of 263,300 m3, Lijmiliya is wholly owned by Nakilat and chartered by Qatargas. The vessel, built in South Korea by Daewoo Shipbuilding & Marine Engineering (DSME), was delivered in January 2009 and has been in service ever since.
Lijmiliya is the seventh vessel that will come under the management of Nakilat Shipping Qatar Ltd (NSQL) this year, bringing the total number of vessels it manages to 26, comprising of 22 LNG and four liquefied petroleum gas (LPG) carriers.
Nakilat said its increased profits and revenue during its Q3 2020 were mainly due to six vessels transitioning to in-house management since May 2020. Nakilat reported a 23.6% increase in profit to Qar900M (US$247M) and a 12.2% increase in revenue to Qar3,065M (US$842M) as compared with Q3 2019 results.
Nakilat expanded its fleet, taking delivery of an LNG carrier newbuild, which is being commercially and technically managed in-house and chartered by Qatargas.
The delivery of all four newbuild LNG carriers by the end of 2021 will bring Nakilat’s fleet to 74 vessels, comprising of 69 LNG vessels, about 12% of current global LNG fleet.