Nakilat, Shell start 2nd phase of LNG fleet transition

Qatari LNG shipping giant Nakilat said on Thursday it started the second phase of its fleet management transition from Shell’s trading and shipping unit.

Q-Max Al Mayeda is the first of seven LNG vessels that will transition to Nakilat’s management as part of a phased changeover deal.

To remind, the two companies completed the first phase of the management switchover back in 2017 transitioning ten LNG carriers.

Nakilat’s ship management arm, Nakilat Shipping Qatar will take over the technical management of ‘Al Mayeda’

NSQL’s managed fleet size will rise to 25 vessels by the end of the year after the transition phase completes.

Four of these vessels are liquefied petroleum gas (LPG) carriers.

The 266,000 cubic metres Al Mayeda serves under a long-term charter with LNG producing giant Qatargas.

The vessel has completed 88 voyages, covering almost 1.11 million nautical miles since its delivery in February 2009.

Most Popular

Brunei LNG, PetroChina ink SPA

LNG producer Brunei LNG has signed a sales and purchase agreement with a unit of PetroChina.

CFO: Shell on track to ship first LNG Canada cargo in middle of 2025

LNG giant Shell remains on track to deliver the first liquefied natural gas cargo from its LNG Canada export terminal in Kitimat in the middle of this year, according to Shell's finance chief, Sinead Gorman.

Venture Global secures $3 billion bank loan for CP2 LNG

US LNG exporter Venture Global LNG has secured a $3 billion bank loan facility for its proposed CP2 LNG project in Louisiana.

More News Like This

Peru LNG terminal shipped three cargoes in April

Peru LNG’s liquefaction plant at Pampa Melchorita has shipped three liquefied natural gas cargoes in April due to restrictions on the transportation system, according to operator Hunt Oil.

CFO: Shell on track to ship first LNG Canada cargo in middle of 2025

LNG giant Shell remains on track to deliver the first liquefied natural gas cargo from its LNG Canada export terminal in Kitimat in the middle of this year, according to Shell's finance chief, Sinead Gorman.

Shell’s Q1 profit reaches $5.58 billion, LNG sales drop

LNG giant Shell reported a drop in adjusted earnings in the first quarter of 2025, while its LNG sales also decreased compared to the same quarter in 2024.

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.