CorporateMiddle East

Qatar’s Nakilat says logs highest yearly profit

By LNG Prime Staff
Qatar’s Nakilat says logs highest yearly profit
Image: Nakilat

Qatari LNG shipping giant Nakilat posted its best-ever yearly profit in 2021 as it continued to grow the company’s fleet.

Nakilat logged a consolidated net profit of about 1.35 billion riyals ($378.8 million) in the January-December period, a rise of 16.7 percent when compared to 1.16 billion riyals in 2020, the firm said on Sunday.

In addition, Nakilat said its revenue reached about 4.14 billion riyals ($1.13 billion) last year, up 3.1 percent when compared to the year before.

The LNG shipper said its board recommended a cash dividend at 0.12 riyals per share.

In October 2021, Nakilat took delivery of the 173,400-cbm Global Sea Spirit, followed by the 174,000-cbm Global Sealine in January this year.

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

Most Popular

LNG Terminals

PetroChina delivers first LNG cargo to Gate under long-term capacity deal

PetroChina International, a unit of state-owned PetroChina, has delivered its first LNG cargo to the Dutch Gate LNG import terminal in Rotterdam, owned by Gasunie and Vopak, under a long-term capacity deal.
Vessels

Spain’s Elcano sells steam LNG carrier

Spanish shipping firm Empresa Naviera Elcano has completed the sale of its 2003-built steam liquefied natural gas (LNG) carrier Castillo de Villalba.
Contracts and Tenders

First Nations invest in LNG Canada pipeline

Canada's TC Energy, operator of the LNG Canada pipeline, said it had closed an agreement with FN CGL Pipeline, an Indigenous-led investment entity representing five First Nations along the Coastal GasLink corridor.

More News Like This

Corporate

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.
Vessels

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.
Vessels

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.
Vessels

Qatar sends LNG shipment to Pakistan via Hormuz

The Q-Flex LNG carrier Al Kharaitiyat, loaded with Qatari LNG, has crossed the Strait of Hormuz and is heading to Pakistan, according to shipping data.