Hectic activity for Nakilat of Qatar
A new joint venture with Angelicoussis’ shipping company Maran Ventures established; another 4 LNG carriers ordered; subsidiary Nakilat-Keppel Offshore & Marine completed its first FSRU unit
Nakilat has established a new joint venture named Global Shipping Co. Ltd. with Greek shipping company Maran Ventures Inc., owned by Chairman John Angelicoussis. The latter Greek Group has a fleet of 150 vessels in operation and under construction. Maran Ventures is LNG ship-owning arm operating 29 LNG carriers with 12 more under construction including 1 FSRU.
Nakilat will have a 60% stake in the JV while Maran Ventures will hold left 40%; with 4 LNG vessels under the new JV, the number of Nakilat vessels will effectively increase to 74, which is approximately 11.5% of the global LNG fleet in carrying capacity. The Qatari LNG transport company provides transportation link in Qatar’s LNG supply chain and has a LNG shipping fleet considered to be the largest in the world, comprising of 65 LNG vessels.
Nakilat also owns and manages 1 FSRU vessel and4 large LPG carriers. Currently under construction in South Korea, 4 modern vessels of 173,400 cubic meters, are equipped with most advanced technology, with 2 being equipped with ME-GI while left 2 two will have X-DF technology.
The company operates ship repair and construction facilities at Erhama Bin Jaber Al Jalahma Shipyard in Ras Laffan Industrial City via two strategic joint ventures: Nakilat-Keppel Offshore & Marine (N-KOM) has successfully completed its first floating storage regasification unit (FSRU) project for the 138,000cbm FSRU Excelerate owned by Excelerate Energy (USA). During its period at Erhama Bin Jaber Al Jalahma Shipyard, the FSRU underwent routine drydocking and repairs, in addition to modifications and retrofitting of several new systems, including the installation of a ballast water treatment system (BWTS).
To date, N-KOM has completed 7 BWTS installations for various types of vessels, such as LNG and LPG carriers as well as very large crude carriers (VLCCs). The vessel is now ready to sail to Bangladesh to join Excelerate’s FSRU Excellence in the Bay of Bengal and serve as the country’s second LNG import terminal. Located within the world-class Erhama Bin Jaber Al Jalahma Shipyard, N-KOM has completed 190 LNG carrier drydocking and repairs to date, with around 30 projects undertaken in 2018 alone. The shipyard’s comprehensive facilities include 3 Q-Max sized docks (2 graving docks and 1 floating dock), berthing capacity of 3,150 meters, specialized workshops and cryogenic cleanrooms, enabling it to handle repairs and maintenance for all types of marine vessels and offshore structures. To date, N-KOM has delivered over 900 marine and offshore projects to clients from all over the world.