Nakilat and HSD Engine ink long-term maintenance deal

South Korea’s HSD Engine has secured a long-term service contract from Qatari LNG shipping giant Nakilat.

Under the deal, HSD Engine will provide spares and maintenance services necessary to maintain the reliability of engines onboard Nakilat’s wholly owned LNG vessels, according to a statement by the latter.

This agreement will further improve the operational efficiency of the vessels’ engines and contribute to the overall LNG fleet availability, Nakilat said.

The LNG shipping firm did not provide any additional information regarding the deal.

“At Nakilat, our priority is to increase the operational efficiency of our vessels and maintaining the highest reliability and safety standards, as it gives us the competitive advantage at a time when the company is expanding its reach in the global gas shipping market,” Nakilat’s CEO Abdullah Al-Sulaiti said in the statement.

Nakilat took delivery of the 173,400-cbm Global Sea Spirit in October 2021, and the 174,000-cbm Global Sealine in January 2022.

Following these deliveries, Nakilat’s fleet rose to 74 vessels, including 40 jointly owned vessels. These include four LPG carriers and one FSRU.

- Advertisements -

Most Popular

BP expects LNG demand to grow up to 40 percent by 2030

UK-based energy giant BP expects global demand for liquefied natural gas (LNG) to rise up to 40 percent by...

Venture Global’s Plaquemines LNG gets OK to introduce gas to GTG

US LNG exporter Venture Global LNG has received approval from US energy regulators to introduce natural gas to the...

Honeywell to buy Air Products’ LNG business for $1.81 billion

US conglomerate Honeywell has agreed to acquire Air Products’ liquefied natural gas (LNG) process technology and equipment business for...

More News Like This

QatarEnergy, Nakilat ink charter deal for nine giant LNG carriers

State-run LNG giant QatarEnergy has signed a time charter and operation agreement with compatriot shipping firm Nakilat for nine...

Nakilat’s Q1 profit up 6 percent

Qatari LNG shipping giant Nakilat said both its net profit and revenue rose in the first quarter of this...

QatarEnergy picks shipowners for 18 giant LNG carriers

LNG giant QatarEnergy has selected shipowners to own and operate 18 Q-Max LNG carriers as part of its massive...

Hanwha Ocean bags $1.84 billion Qatari LNG carrier order

South Korean shipbuilder Hanwha Ocean, previously known as DSME, has secured an LNG carrier order worth about $1.84 billion...