Doha – Mubasher: Qatar Gas Transport Limited (Nakilat), said Wednesday that its wholly owned subsidiary Nakilat Shipping Qatar Limited (NSQL) signed an agreement with Shell International Trading and Shipping Company Limited (Shell) to begin the planned phased transition of the management of Nakilat’s LNG fleet from Shell to NSQL.
Shell has provided a range of shipping services to Nakilat’s LNG fleet since it was established in 2006, including the ship management of 14 Q-Max and 11 Q-Flex LNG carriers and the sharing of Shell’s Shipping and Maritime expertise, according to a bourse statement.
The vessels will be transitioned in three phases starting this year and shall be managed by Nakilat’s in-house ship management arm, NSQL, which currently manages four large LPG carriers and four Q-Flex LNG carriers, the statement said.
Nakilat Managing Director, Abdullah Fadhalah Al Sulaiti, said: “Today marks a milestone in Nakilat’s history as we embark on consolidating a fully-fledged ship operation for our wholly-owned vessels. It is a pivotal strategic milestone towards Nakilat’s ambition of establishing an integrated maritime industry in Qatar.
“We are grateful to Shell for their professional management of our vessels over the last eight years and are confident of NSQL upholding the same excellent standards for our vessels, ensuring the safety and integrity of cargo from Qatar to the rest of the world,” Al Sulaiti added.
“We are proud to be a partner with Nakilat and to continue to support Qatar’s vision of building a world-class shipping business,” Grahaeme Henderson, Vice President of Shell Shipping and Maritime, said.
“This world-leading fleet includes some of the largest and most technically advanced vessels of their type and their cargo helps ensure energy security for millions of people around the world,” he added.
