Nakilat welcomes another LNG newbuild in its fleet

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

Galp wins Calcasieu Pass arbitration against Venture Global

Portuguese energy firm Galp has won an arbitration case against US LNG exporter Venture Global LNG over LNG sales from the Calcasieu Pass plant in Louisiana.

MISC to order five more LNG carriers for Petronas charter

Malaysian shipping firm MISC will order five additional newbuild 174,000-cbm liquefied natural gas (LNG) carriers at China's Hudong-Zhonghua. The vessels will serve a 20-year charter with a unit of MISC's parent, Petronas.

Seatrium scores Excelerate FSRU conversion gig

Singapore's Seatrium has secured a floating storage and regasification unit conversion contract with an option for a second contract from US FSRU player Excelerate Energy.

More News Like This

Arctic LNG 2 seeks $1 billion from Hanwha Ocean over terminated LNG carrier orders

Novatek-led Arctic LNG 2 is seeking approximately $1 billion in damages from South Korean shipbuilder Hanwha Ocean over terminated shipbuilding contracts for Arc7 ice-class LNG tankers.

Nakilat reports slightly lower profit

Qatari LNG shipping giant Nakilat reported slightly lower net profit in the first half of this year due to geopolitical challenges caused by the Middle East conflict.

Qatar’s Nakilat says no one injured after LNG carrier attack

Qatari LNG shipping giant Nakilat said on Wednesday that no one was injured after its Q-Flex LNG carrier Al Rekayyat was hit by a projectile while transiting the Strait of Hormuz on Tuesday.

Qatar confirms LNG carrier attack

Qatar's Ministry of Foreign Affairs said on Tuesday that Nakilat's Q-Flex LNG carrier was attacked by Iran while transiting near the Strait of Hormuz.