AsiaVessels

Nakilat welcomes another LNG newbuild in its fleet

By Mirza Duran
Nakilat welcomes another LNG newbuild in its fleet
Image: Nakilat

Qatar’s Nakilat has taken delivery of the second out of four LNG newbuilds from South Korea’s Daewoo Shipbuilding & Marine Engineering.

DSME delivered the 173,400 cbm Global Star to Nakilat’s joint venture Global Shipping.

LNG shipping giant Nakilat owns 60% percent share in the venture while Greece’s Maran Ventures holds the rest.

Additionally, Nakilat manages the vessel commercially and technically.

Nakilat did not reveal the charterer of the vessel but LNG Prime understands it could be the Hague-based energy giant Shell.

This newbuilding follows the delivery of Global Energy in May last year. This vessel ships LNG for US exporter Cheniere under a charter deal.

Both Global Energy and Global Star feature ME-GI engines while the other two newbuilds have X-DF propulsion technologies. DSME should deliver these two carriers by the end of 2021.

Furthermore, the delivery of all four newbuild LNG carriers will bring Nakilat’s fleet to 74 vessels. According to Nakilat, this is just under 12% of current global LNG fleet in carrying capacity.

Most Popular

LNG Terminals

Shell’s LNG Canada achieves first LNG

LNG giant Shell has started production at the first liquefaction train at its LNG Canada export terminal in Kitimat, an LNG Canada spokesperson told LNG Prime on Sunday.
LNG Terminals

Atlantic LNG shipping rates jump to $49,750 per day

Atlantic spot LNG shipping rates rose to $49,750 per day this week, while European prices also jumped compared to the previous week.
Contracts and Tenders

Golar progresses FLNG growth plans

Golar LNG said it had signed a final engineering study to confirm EPC price and delivery for a 5 mtpa MKIII FLNG.

More News Like This

Vessels

HD Hyundai Heavy starts building Nakilat’s LNG carrier

South Korean shipbuilder HD Hyundai Heavy Industries has officially started building Nakilat’s first of 17 LNG carriers as part of an order placed last year.
Corporate

Nakilat’s Q1 profit up 3.2 percent

Qatari LNG shipping giant Nakilat said its net profit increased 3.2 percent in the first quarter compared to last year.
Vessels

Hanwha Ocean expects LNG newbuild market to recover in second half

South Korean shipbuilder Hanwha Ocean expects the LNG newbuilding market to recover in the second half of this year due to new US LNG export projects.
Vessels

VesselsValue: South Korea’s LNG carrier orderbook worth $71.3 billion

South Korean yards have 276 LNG carriers worth $71.3 billion on order, according to the newest data by Veson Nautical’s VesselsValue.

2025. © All rights reserved. LNG Prime LLC. 447 Broadway, New York, NY 10013, USA